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54 Suites
Lucrative Upside
This investment opportunity offers an average rental upside of $500-$600 per suite, or higher depending on one’s desired level of renovation and tenant profile. Potential increase in NOI across full turnover approaches $300,000. Virtually all two bedroom suites allows for greater maximum rents. Location provides higher desirability to prospective tenants within Belleville market.
Prime Rental Market
Rental buildings are located in the Downtown Belleville area, surrounded by new developments and a booming harbourfront undergoing significant modernization and improvement. Belleville’s population growth is above Ontario’s average levels with high demand for rental vacancies.
A+ Location
The subject properties are located within walking distance to Belleville General Hospital, the harbour, the lake, the beach, as well as grocery, shops, restaurants and more. The buildings are within minutes to Bay View Mall, Highway 401, etc.
Benjamin and Turtle Pond Apartments - Belleville, ON
