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$549,900
Available - For Sale
Listing ID: X12570026
QUICK CLOSE IN 2025 - AFFORDABLE MULTI-RESIDENTIAL INVESTMENT IN THE HEART OF THE BAY OF QUINTE. ******************************* List price UNDER $92,000 per suite. ********************************** This solid all-brick, 3-storey 6-plex features six 2-bedroom units, a long history of full occupancy, and an unbeatable west-end Belleville location just steps from vibrant, historic downtown Belleville and the scenic Moira River & waterfront trail. Enjoy top-tier walkability with beloved local spots like Small Scale Bread, L'Auberge de France, and The Local Social House only moments away - an attractive draw for quality residents and visitors alike. Financials for 2025 show Gross Revenue exceeding $80,000 annually and a Net Operating Income of approximately $45,000, with an allowance for an 8% Management / Maintenance Fee (currently self-managed) delivering an impressive return on investment. With current average rents sitting well below market, there is significant upside to reposition this asset for income growth. Two separate laundry and utility rooms for tenant convenience. Don't miss this chance to secure at an affordable price a stable, well-located multi-residential asset in the Bay of Quinte - one of Ontario's fastest-growing and most desirable communities. Don't miss attached brochure - Investing in Belleville in the Bay of Quinte Area. ****************************************Offers to be reviewed Wednesday, November 26th at 4 pm. Please send offers to Sean@RemaxQuinte.com *********************************
Price $549,900
Taxes: $8,442
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 108 Moira Street West , Belleville, K8P 1S9, Hastings
Postal Code: K8P 1S9
Province/State: Hastings
Legal Description: PT LT 21 SW/S WALLBRIDGE RD PL 148 THURL
Directions/Cross Streets: Moira Street W. & Wallbridge Cr.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,956
Total Area Code:  Square Feet
Area Influences: Greenbelt/Conse   Public Transit
Approximatly Age: 51-99
Business/Building Name: 108 Moira Street
Financial Statement: T
Chattels: F
Franchise: F
 Management Expense: 6438
Maintenance: 0
Water Expense: $4524
Net Income Before Debt: $45470
Expenses Actual/Estimated: $Act
Outside Storage: F
Crane: F
Heat Type: Baseboard
Central Air Conditioning: No
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX QUINTE LTD.

108 Moira Street West , Belleville, K8P 1S9, Hastings

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Hastings
Municipality: Belleville
Neighbourhood: Belleville Ward
Style:
Lot Size: x 99.58(Feet)
Approximate Age: 51-99
Tax: $8,442
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908