1/36465 DUNDAS STREET W, Belleville (Belleville Ward)
465 DUNDAS STREET W, Belleville (Belleville Ward), ON K8P1B6
$400,000 total
2,244 SF
Asset Class
Multifamily
Size
2,244 SF
Building class
C
Zoning
RF6 — Medium Density
$ / SF
$178
Occupancy
92%
Lot Size
0.28 ac
About this property
An exceptional investment opportunity, this fully occupied triplex features three distinct two-bedroom, one-bathroom suites. The two front ground-floor units benefit from exclusive basement access for extra storage, and each apartment is individually metered for complete utility independence, with tenants paying their own gas, hydro, and water. Every unit includes its own dedicated heating and hot water system, highlighted by a new gas furnace installed in Unit B in 2022 and well-maintained windows throughout. Situated on a surprisingly expansive lot with a large backyard, the property currently operates under grandfathered residential use but carries a flexible C3 commercial zoning - offering incredible long-term potential for future business conversion or strategic redevelopment. The monthly rents are as follows; in addition they pay their own heat, hydro, water etc. Unit: 465A - $784.50, Unit: 465B - $830.00, Unit: 466C - $758.50. There are no leases in place. They are all long-term, reliable tenants. (id:66811)
Financial sandbox
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Monthly debt service
$2K
Projected NOI
$15K
Annual cash flow
$-8K
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Vector Robotics | 1,400 SF | 2031-06 |
| Vector Robotics | 448 SF | 2031-06 |
| Vector Robotics | 400 SF | 2031-05 |
| Prairie Coffee Roasters | 400 SF | 2031-06 |
Area demographics
Trade area within 3 miles of the property.
Population
88,782
Households
31,717
Median income
$73,500
Median age
39
Daytime population
136,967
5-yr growth
9.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 465 DUNDAS STREET W, Belleville (Belleville Ward).
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.