43 GROVE STREET, Belleville (Belleville Ward)

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For Sale · Multifamily

43 GROVE STREET, Belleville (Belleville Ward)

43 GROVE STREET, Belleville (Belleville Ward), ON K8P1W1

$549,900 total

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Asset Class

Multifamily

Size

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Building class

Zoning

RA9 — High Rise

$ / SF

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Occupancy

86%

About this property

VACANT DUPLEX offering Market rents of approximately $4000 a month. This beautifully renovated duplex combines modern finishes with the timeless charm and character of a century home. The main floor unit offers 1 bedroom and 1 bathroom, featuring impressive 11-foot ceilings, stainless steel appliances, in-unit laundry, and unique architectural details that showcase the home's original character. The upper unit features 3 spacious bedrooms and 1 bathroom, complete with 10-foot ceilings, oversized windows that flood the space with natural light, and the convenience of in-unit laundry. Outside, the property offers ample off-street parking with space for 2 vehicles per unit, along with a detached garage providing additional storage or potential for a future Additional Dwelling Unit (ADU), subject to municipal approvals. Whether you're looking to live in one unit while renting out the other or add a turnkey income property to your investment portfolio, 43 Groove Street offers flexibility, character, and opportunity all in one! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$550K

Down payment30% · $165K

Interest rate6.25%

Amortization25 years

Occupancy86%

Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$20K

Annual cash flow

$-10K

Cash-on-cash

-6.30%

DSCR

0.66

Going-in cap

3.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

110,881

Households

42,844

Median income

$126,000

Median age

37.5

Daytime population

109,273

5-yr growth

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 43 GROVE STREET, Belleville (Belleville Ward).

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.