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$ 2,499,900
Est. payment | /mo
9 Baths
700 SqFt
$ 2,499,900
Est. payment | /mo
9 Baths
700 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700 - 1100
Square Footage 700 sqft
Price per Sqft $3,571
Subdivision Thurlow Ward
MLS® Listing ID X13105266
Style Bungalow
Property Description
Calling all investors and multi-generational families - this is an incredibly rare opportunity to own a unique 2.74-acre property offering 9 detached homes on one parcel, ideally located just minutes from Highway 401 on Black Diamond Road. Serviced with municipal water, municipal sewer, and natural gas, this fully rented investment property offers healthy income potential and has been proudly family owned since 1978. The property features a strong mix of rental units including 6- 2 bedroom homes, 2- 3 bedroom homes, and one 1-bedroom home, with many of the units having seen updates over the years. Several major improvements have already been completed, including five newer furnaces and nine separate 100-amp electrical panels. Also included are both a detached 2.5-car garage and a detached single car garage, adding excellent additional storage and functionality. The property fronts on two separate roads, offering exceptional access, flexibility, and future potential. One tenant currently handles snow removal and lawn maintenance, helping reduce operating expenses and making ownership even more manageable. Whether you are looking to expand your investment portfolio, secure a rare income-producing property with long-term rental stability, or create a unique opportunity for large or extended families wanting to live close together while maintaining privacy, this property offers extended incredible versatility in a prime location close to major routes, amenities, and services. Properties like this rarely come available. The owners have cherished this property for decades, and with retirement now approaching, are ready to pass this incredible opportunity on to its next chapter. Financial information available upon request. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 21
Garage Yes
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Virtual Tour https://www.londonhousephoto.ca/41-black-diamond-road-belleville/?ub=true
Listed by ROYAL LEPAGE PROALLIANCE REALTY
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