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    For Sale - 58 Elgin Street, Belleville, Ontario

    Est payment $9,340/mo
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    Views   5
    Time on Jump  161 day

    AI Summary *

    • Two buildings with a total of 24 rental units, 11 two-bedroom and 1 one-bedroom each.
    • Current monthly income of $25,030, with potential for more if fully rented.
    • Well-maintained properties with recent fire alarm upgrades for safety.
    • Located in a desirable area, close to amenities and services.
    • Includes window replacements and improvements for energy efficiency.




    58 & 60 elgin street at $1,945,000 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units. There is 1 vacant unit consisting of one bedroom (58-01) which is currently used as a workshop/office. As of the august 1, 2026 rent roll the current projected monthly income for 58 and 60 is $27,857. 90. Primary expenses: - property taxes $28,311. 82 insurance $8,323 water $12,050 hydro $10,348. 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
    Listing IDX12945496
    Address58 Elgin Street
    CityBelleville, Ontario
    Price$1,945,000
    StyleInvestment
    Land Size14757
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling BaseboardSewer Sanitary

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    Listing Agency:  Re/Max Quinte Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    58 Elgin Street
    Belleville , Ontario
    $1,945,000
    Get more info