Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of Belleville Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Set on a large, south-facing corner lot, this red brick turn-of-the-century home has been thoughtfully converted into four apartments three one-bedroom units and one two-bedroom unit making it a fantastic investment opportunity. With below-market rents with long-term tenants ranging from $750 to $800 per month and a net operating income of approximately $15,250, this property offers considerable room for upside. The gross rent is $36,600, which includes water, gas, taxes, insurance, and maintenance. The home retains many of its original period details, showcasing the craftsmanship of its era. Hardwood floors, two decorative cast iron fireplaces, large bay windows, and soaring ceilings highlight the living spaces. Decorative archways, original doors, trim, and mouldings further enhance the character, while the generously sized principal rooms provide tenants with comfort and style not often found in modern apartments. The exterior is equally inviting, featuring a wrought-iron fence, mature trees, and lush gardens that enhance its curb appeal. A private fenced stone courtyard offers a tranquil shared outdoor space for tenants to relax and enjoy. Combining historic charm with income potential, this property is a rare opportunity for investors seeking an attractive asset with a reasonable buy-in value and considerable upside. Two paved driveways provide parking for 6 vehicles, plus a detached 1-car garage. The building has five hydro meters. Home inspection available.
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This could be the first listing for this address.
Data-driven valuation for 190 Bridge Street E, Belleville, ON K8N 1N4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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