58 Elgin Street Belleville, Ontario K8P 4B2
$2,087,500
58 & 60 Elgin Street at $2,087,500 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units.As of Feb.01/26 there are 2 vacancies consisting of 1 two bedroom newly renovated and 1 one bedroom (58-01) which is currently used as a workshop/office.As of the Feb. 2026 rent roll the current monthly income is $25,030. (-potential income fully rented at current market rents would be an additional $2675. For a total of $27,705.).Primary expenses: - Property Taxes $28,311.82 Insurance $6624. Utilities (water & hydro) 2024 $24,255. Fire alarm monitoring 2025 $1224. Bell phone (fire alarm communication) 2025 $1080. Waste collection 2025 $2280. Grass & snow maintenance 2024 $3000. NOTES:Both buildings have newly installed fully functioning fire alarm systems with notifier communication to Belleville Fire Dept. currently monitored by Alarm Systems Belleville. Total cost of retrofit in 2023/2024 was approximately $100,000.Window replacement at 58 Egin is approx. 90%. All windows have been fully flashed in 2025 ($8000.)Window replacement at 60 Elgin is approx. 70%.This property to be sold with adjacent 12 Plex listing (id:61445)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12945496 |
| Property Type | Multi-family |
| Community Name | Belleville Ward |
| Features | Irregular Lot Size |
Building
| Age | 31 To 50 Years |
| Appliances | Dryer, Water Heater, Two Washers |
| CoolingType | None |
| HeatingType | Baseboard Heaters |
| SizeInterior | 14757 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 137 Ft ,6 In |
| SizeFrontage | 102 Ft ,4 In |
| SizeIrregular | 102.36 X 137.51 Ft |
| SizeTotalText | 102.36 X 137.51 Ft |
| ZoningDescription | R6 |
Interested?
Contact us for more information
Sean Mckinney
Broker of Record
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April 02 2026 04:21:49
RE/MAX Quinte Ltd.