5-7 Boswell St, Belleville, Ontario K8P 3K7

This type of property presents an ideal opportunity for an owner-occupier to live on-site and offset a significant portion of their monthly mortgage with rents from the other apartments, or for a multi-generational family seeking accommodations. This unique setup offers affordable homeownership with the added convenience of living on-site, thereby eliminating the need and cost of a property management company. Situated just a short walk from downtown, steps from a major transit route, close to schools, shopping, and many essential amenities, making it highly desirable for tenants and investors alike. The property consists of three well-maintained two-bedroom residential units. Long-term tenants currently occupy two, while the third unit (5) is vacant and move-in ready, offering the new owner the ability to set the rent and choose their own tenants. All three units have been extensively updated, featuring major capital improvements that include full plumbing and electrical upgrades, including 3vnew panels. New windows & exterior doors. All 4-piece bathrooms have been remodeled and moved to the main floor. New soffits, fascia, and eaves were installed in 2018, along with new shingles. Vinyl flooring in the kitchens and bathrooms was also updated. All 3 natural gas furnaces & owned HWTs (one installed in April 2025) were replaced. 5 Boswell had the hardwood professionally refinished, a brand-new kitchen installed, and the interior painted. Some additional great features include: laundry hook-ups. Interconnected smoke and CO detectors. Open-concept main floor layouts with eat-in kitchens. A carpet-free building with approximately 80% being the original hardwood flooring. Private outdoor space for each unit, featuring a rear deck and a dedicated storage shed for each tenant. Large parking area & maintenance-free exterior. This property offers a 6.3% cap rate with significant growth potential. See for yourself, the vacant unit is very easy to show, 24 hrs for others.

Inclusions: 2 Fridges, 3 Stoves, Lawnmower, 4 Sheds, 3 Hot water tanks, window coverings, electric fireplace