228 Dundas Street E, Belleville, ON

$18,500,000

Previous Next

About 228 Dundas Street E

Unlock a standout investment in Belleville's bustling East End. This multi-unit property has a total of 66 units. There are currently 33 units rented to CMHA as well as office space. There are 30 units rented individually. (Rent Roll available). There are numerous common areas including a kitchen dining area and lounge areas. There are also coin operated laundry rooms on each level. At its core is a dependable not-for-profit organization, secured under a 10-year lease and occupying office space alongside 66 residential units providing stable, long-term cash flow. Belleville General Hospital has leased the back parking lot for employees of QHC starting in Sept 2025. A full-scale renovation in 2023 brought major system upgrades, including electrical, plumbing, and security infrastructure, while also enhancing interiors with sleek kitchenettes, contemporary bathrooms, and durable, stylish flooring throughout. The result? A fully modernized, low-maintenance property delivering robust monthly and annual income with minimal overhead. Set in a high-demand location, it benefits from excellent transit access, nearby amenities, and a strong local tenant base making it an ideal fit for investors seeking both immediate yield and long-term security. Belleville's East End continues to grow as a vibrant, up-and-coming district, making this an ideal time to invest in a well-positioned asset with proven returns. Whether you're expanding your portfolio or seeking a cornerstone investment, this property offers a compelling mix of performance, potential, and peace of mind. Opportunities like this don't come often position yourself for success with a property that delivers on all fronts.

Features of 228 Dundas Street E

MLS® # X12252701
Price $18,500,000
Bathrooms 0.00
Type Commercial
Sub-Type Investment
Status Active

Community Information

Address 228 Dundas Street E
Area Hastings
Subdivision Belleville Ward
City Belleville
Province ON
Postal Code K8N 1E4

Amenities

Garages None
Is Waterfront No

Interior

Heating Gas Forced Air Closed
Cooling Yes
Fireplace No

Listing Details

OfficeRE/MAX QUINTE LTD.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?