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$999,900
Available - For Sale
Listing ID: X11954555
This 4000 sq ft well maintained commercial building in downtown Belleville is ideal for a variety of businesses. Currently used as a medical practice, this two story building could also be a good fit for a physiotherapist, chiropractor, accounting firm, law firm or any business that requires a number of well laid out offices, bathrooms and administrative space. With eight exam rooms/offices spread over three floors, a board room, four bathrooms, and a beautiful bright reception area, this building would allow any number of professionals to work independently or in concert with each other. The basement underwent a full renovation right down to the studs in 2016 and the A/C unit was replaced in 2023. ***Check out the virtual tour in HD**** One small office containing files is not shown on the floor plan due to privacy concerns. The current tenant is planning to vacate at the end of 2025 which would provide any prospective buyer with a good return on investment while planning to move their business. The current rent is $7199.81 plus HST and the tenants lease runs until December 15th, 2025. The tenant pays all utilities and the snow removal. The landlord pays the property taxes. The net income for the year is $76,227.86. All showings must be conducted Friday through Sunday and require a minimum of 24 hours notice due to the nature of the business.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $49,995 $99,990 $149,985 $199,980
First Mortgage $949,905 $899,910 $849,915 $799,920
CMHC/GE $26,122.39 $17,998.2 $14,873.51 $0
Total Financing $976,027.39 $917,908.2 $864,788.51 $799,920
Monthly P&I $4,180.25 $3,931.33 $3,703.82 $3,426
Expenses $0 $0 $0 $0
Total Payment $4,180.25 $3,931.33 $3,703.82 $3,426
Income Required $156,759.36 $147,424.86 $138,893.33 $128,474.83

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX QUINTE LTD.

11 Victoria Ave , Belleville, K8N 1Z5, Ontario


 
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Type: Com - Commercial/Retail
Area: Hastings
Municipality: Belleville
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Lot Size: 50.20 x 66.00(Feet)
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Tax: $10,169.86
Maintenance Fee: $0
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