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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  199 day

    AI Summary *

    • Investment opportunity with two buildings offering 24 rental units.
    • Current projected monthly income of $27,857.90 from both properties.
    • Most windows replaced recently for improved energy efficiency.
    • New fire alarm systems installed and monitored for safety.
    • Adjacent 12 Plex listing included for added value.




    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 Brokerage: Re/Max Quinte Ltd.

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