31 & 33 Everett Street, Belleville, ON K8P 3K1

This property is a multiplex home consisting of three fully rented apartments, offering immediate rental income. The annual Gross income is currently over $84,000. Seller is willing to do a first-position VTB. With the necessary consent already in place, the new owner has the opportunity to complete the conversion and transform the property into two separate homes, creating a semi-detached duplex. According to current zoning bylaws, each side of the duplex can be further developed into a triplex, maximizing its investment potential. Details of the current layout: 33 Everett Street: Features two apartments, one 1-bedroom unit ($1500) and one 4-bedroom unit($2400). 31 Everett Street: Includes one 3-bedroom unit ($3160) with the potential to add a 1-bedroom unit (market Value $3160). 31 Everett has had a complete renovation in 2024, bringing it right back to the studs, new electrical, plumbing, and insulation. This property is a rare opportunity for investors or developers looking to capitalize on a flexible and high-potential property in a desirable location.

Details

MLS® Number
X12047630

Bedrooms
9

Bathrooms
5