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$ 1,895,000
Est. payment /mo
Price Dropped by $50K
60 Elgin ST Belleville, ON K8P 4B2
15,102 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,102 sqft
Price per Sqft $125
Subdivision Belleville Ward
MLS Listing ID X12945504
Annual Tax Amount $28,311
Tax Year 2025
Lot Size 0.347 Acres
Property Sub-Type Investment
Property Description
58 & 60 Elgin Street at $1,895,000 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. Current monthly rent for 58 and 60 combined is $27,064.53 on the 23 occupied units. Annual expenses, both buildings combined: Property taxes $56,623.64 (2025 final, $28,311.82 per building). Insurance $8,323 (2026-27). Water $12,050 (2025). Hydro $13,144. Fire alarm monitoring $1,224 (2025). Bell phone (fire alarm communication) $1,080 (2025). Waste collection $2,280 (2025). Grass & snow maintenance $3,000 (2024). 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 Elgin is approx. 90%. All windows were fully flashed in 2025 ($8,000). Window replacement at 60 Elgin is approx. 70%. This property to be sold with adjacent 12 Plex listing.
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 102.36
Lot Depth 150.38
Building
Building Age 31-50
Others
ParcelsYN No
Listed by Re/Max Quinte Ltd.