147 North Park Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Belleville , located at 147 North Park Street, Belleville. This fully occupied multiplex boasts a remarkable eight units, each featuring two bedrooms, making it an ideal choice for those wanting to tap into the rental market in this vibrant community. Set on a generous 13,649 square feet of land (approximately 0.31 acres), this property is perfectly positioned to attract tenants seeking a comfortable living space in a bustling area.

The building itself is a charming two-storey structure with a sturdy brick exterior, ensuring both durability and aesthetic appeal. The layout is practical, with two apartments situated in the basement, three on the ground floor (each with its own balcony), and another three on the second floor, also featuring balconies. This configuration not only maximises the use of space but also offers tenants the luxury of outdoor areas to enjoy. If you're interested in a Multi-Family Home for sale in Belleville, this property certainly checks all the boxes.

At 147 North Park Street, Belleville, you'll find that each of the eight units comes equipped with its own kitchen, allowing for independence and convenience for all tenants. While there is no additional kitchen or central vacuum system, the essentials are all present, including a family room in each unit, making them feel like home. The building is heated via a baseboard system, ensuring warmth during the colder months, although it’s worth noting that there is no air conditioning or fireplace, which some may consider when evaluating comfort levels.

One of the standout features of this Multi-Family Home for sale in Belleville is the financial structure in place. The owner covers the first £75 of each tenant's monthly electricity bill, with each unit individually metered, making it easier for tenants to manage their expenses. Water heater tanks are conveniently located within each unit, with a mix of owned and rented options, providing flexibility for both tenants and the owner. Additionally, there is a coin-operated laundry machine in the basement, which not only adds convenience for tenants but also serves as an additional revenue stream for the owner(s).

Parking is another significant advantage of this property. With a total of 14 parking spaces available, each tenant is allocated one spot, while the remainder can be shared by visitors. This is a valuable asset in a bustling area like Belleville, where parking can often be a challenge.

The location of 147 North Park Street, Belleville, is particularly attractive, situated just a block away from the commercial centre on North Front Street, near Bell Boulevard and the Quinte Mall. This prime location offers easy access to a variety of shops, restaurants, and amenities, making it an appealing choice for potential tenants. Furthermore, the proximity to Highway 401 ensures that commuting is a breeze, adding to the desirability of this Multi-Family Home for sale in Belleville.

With no additional land or garage space included, the focus remains on the building itself and the potential it holds. The roof shingles were replaced in 2014, boasting an expected lifespan of over 40 years, which is a significant advantage for any prospective buyer.

If you’re considering entering the rental market or expanding your property portfolio, this Multi-Family Home for sale in Belleville is a remarkable opportunity. Financial information, including revenue and expenses, is available upon request, and proposed agreements of purchase and sale can be submitted to the listing brokerage at any time. Don’t miss out on this chance to own a well-maintained, fully occupied multiplex at 147 North Park Street, Belleville.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The nearest elementary school, Prince of Wales Public School, is just 0.7 km away, offering grades JK to 8 with a school rating of 2.4. Another nearby option is Georges Vanier Catholic School, also 0.7 km away, which provides a Catholic education for grades JK to 8 and boasts a higher rating of 4.8. For older students, Centennial Secondary School is 3.2 km away, rated at 4.6 and serving grades 7 to 12. Additionally, Harry J. Clarke Public School, located 2.9 km from the property, offers French-language instruction for grades 4 to 8 and has an impressive rating of 5.1. Other nearby schools include St. Theresa Catholic Secondary School and St. Michael Catholic School, both offering Catholic education and located within a short distance. With a variety of schooling options in close proximity, this property is ideal for families seeking quality education for their children in a supportive community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 820 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 47.5 years. The average household income stands at $72,000, although 15.4% of the population is classified as low-income. The real estate market reflects a median property price of $300,000, appealing to a mix of buyers. Notably, 51.72% of the population is single, while 27.27% of households include children, suggesting a diverse family structure. The community is home to 6.51% immigrants, contributing to its cultural richness. Renters comprise 38.75% of the population, with a similar percentage living in condominiums, indicating a demand for multifamily housing options. Educational attainment is relatively high, with 48.03% of residents holding a college or university degree. However, it is important to note that 51.32% of the population is not actively participating in the labor force, which may impact the local economy. Overall, this area presents a unique blend of demographics, making it an intriguing option for potential homeowners and investors alike.