$2,087,500
Available - For Sale
Listing ID: X12945496
58 Elgin Street , Belleville, K8P 4B2, Hastings
| 58 & 60 Elgin Street at $2,087,500 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units.As of Feb.01/26 there are 2 vacancies consisting of 1 two bedroom newly renovated and 1 one bedroom (58-01) which is currently used as a workshop/office.As of the Feb. 2026 rent roll the current monthly income is $25,030. (-potential income fully rented at current market rents would be an additional $2675. For a total of $27,705.).Primary expenses: - Property Taxes $28,311.82 Insurance $6624. Utilities (water & hydro) 2024 $24,255. Fire alarm monitoring 2025 $1224. Bell phone (fire alarm communication) 2025 $1080. Waste collection 2025 $2280. Grass & snow maintenance 2024 $3000. NOTES:Both buildings have newly installed fully functioning fire alarm systems with notifier communication to Belleville Fire Dept. currently monitored by Alarm Systems Belleville. Total cost of retrofit in 2023/2024 was approximately $100,000.Window replacement at 58 Egin is approx. 90%. All windows have been fully flashed in 2025 ($8000.)Window replacement at 60 Elgin is approx. 70%.This property to be sold with adjacent 12 Plex listing |
| Price | $2,087,500 |
| Taxes: | $28311.82 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 58 Elgin Street , Belleville, K8P 4B2, Hastings |
| Postal Code: | K8P 4B2 |
| Province/State: | Hastings |
| Legal Description: | Pt Lt 22-23, 38 Pl 63 Sidney Pt 1, 21R17 |
| Directions/Cross Streets: | West Moira |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 14757.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 31-50 |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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| RE/MAX QUINTE LTD. |
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Ali Shahpazir
Sales Representative
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416-473-8225
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416-473-8225
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Belleville Ward |
| Approximate Age: | 31-50 |
| Tax: | $28,311.82 |
| Fireplace: | N |
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