35 Union Street, Belleville, ON K8P 2B5
$10,499,000
$10,499,000
MLS®#:
X12991268
Property Type:
Investment
Property Style:
Area:
Hastings
Community:
Belleville Ward
Taxes:
$99,662.7 / 2026
Added:
April 13 2026
Lot Frontage:
256.31
Lot Depth:
490.72
Status:
Active
Outside:
Year Built:
Brokerage:
HOMELIFE/FUTURE REALTY INC.
Lot :

490

256

BIG LOT

Lot Irregularities:
102.68ft x 256.31ft x 490.72ft x130
Intersection:
Union/Yeoman
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Baseboard
Heating Fuel:

Listing Details

Fantastic Investment Opportunity To Acquire This Well Maintained And Fully Tenanted 45 Suite Residential Apt Building. Consists Of 35-2 Bedroom Suites & 10-1 Bedroom Suites, Tenant Pays Their Own Heat & Hydro. Many Improvement Have Been Made To This Turn Key Building Conveniently Located Close To All Amenities Schools, Parks, Shopping & Recreational Center. Many Units Rented To Long Term Aaa Tenants. Fully Occupied W/Long Waiting List, The Building Is Monitored By Security Camera System ***Assumable 1st Mortgage Approximately 4.7Mil @3.50% Interest, Maturing December 1st, 2027 & 2nd Mortgage Available By Seller @ 3.5% Interest Rate With 20% Down Payment.

45 Fridges, 45 Stoves, 4 Washers & 4 Dryers (Owned), Security Cameras System.

Insights

  1. Fully Tenanted with Long-Term Tenants: The property boasts 45 residential suites that are fully occupied, with many units rented to long-term AAA tenants, ensuring a stable income stream for potential buyers.
  2. Attractive Financing Options: The property comes with an assumable first mortgage of approximately $4.7 million at a competitive interest rate of 3.50%, maturing in December 2027, along with a second mortgage option available from the seller.
  3. Prime Location: Conveniently located near schools, parks, shopping, and recreational centers, enhancing its appeal to potential tenants and ensuring high occupancy rates.

Neighborhood Overview

Complete neighborhood profile for 35 Union Street

Belleville Ward home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Belleville Ward
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)