$18,500,000

228 Dundas Street, Belleville, ON K8N 1E4

Belleville Ward, Belleville,

| | 42,000 sq.ft. | Year Built: 51-99 |

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Unlock a standout investment in Belleville's bustling East End. This multi-unit property has a total of 66 units. There are currently 33 units rented to CMHA as well as office space. There are 30 units rented individually. (Rent Roll available). There are numerous common areas including a kitchen dining area and lounge areas. There are also coin operated laundry rooms on each level. At its core is a dependable not-for-profit organization, secured under a 10-year lease and occupying office space alongside 66 residential units providing stable, long-term cash flow. Belleville General Hospital has leased the back parking lot for employees of QHC starting in Sept 2025. A full-scale renovation in 2023 brought major system upgrades, including electrical, plumbing, and security infrastructure, while also enhancing interiors with sleek kitchenettes, contemporary bathrooms, and durable, stylish flooring throughout. The result? A fully modernized, low-maintenance property delivering robust monthly and annual income with minimal overhead. Set in a high-demand location, it benefits from excellent transit access, nearby amenities, and a strong local tenant base making it an ideal fit for investors seeking both immediate yield and long-term security. Belleville's East End continues to grow as a vibrant, up-and-coming district, making this an ideal time to invest in a well-positioned asset with proven returns. Whether you're expanding your portfolio or seeking a cornerstone investment, this property offers a compelling mix of performance, potential, and peace of mind. Opportunities like this don't come often position yourself for success with a property that delivers on all fronts.

Property Info
MLS®: X12252701
Listing Courtesy of RE/MAX QUINTE LTD.
Floor Space 42000 sq.ft.
Last Updated 2025-06-30
Property Type Commerece
Listed Price $18,500,000
Unit Pricing $440/sq.ft.
Tax Estimate $21,847/Year
Year Built 51-99
More Details
Water Supply Municipal
Foundation Sanitary
Summary
    Location and General Information
  • HoldoverDays: 90
  • Property Type: Commercial
  • Property Sub Type: Investment
  • GarageType: None
  • Directions: Dundas St E
  • Taxes and HOA Information
  • Tax Year: 2025
  • Parking
Interior and Exterior Features
    Interior Features
  • Cooling: Yes
  • HeatType: Gas Forced Air Closed
  • Exterior Features
Property
    Utilities
  • Sewer: Sanitary
  • Property and Assessments
  • Building Area Total: 42000
  • Building Area Units: Square Feet
  • Lot Information
  • Parcel Number: 404850065
  • LotSizeUnits: Feet
  • LotWidth: 249.05
  • Others
Sold History
MAP & Nearby Facilities (The data is not provided by TRREB)
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School Catchments
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