58 & 60 Elgin Street at $2,087,500 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units.As of Feb.01/26 there are 2 vacancies consisting of 1 two bedroom newly renovated and 1 one bedroom (58-01) which is currently used as a workshop/office.As of the Feb. 2026 rent roll the current monthly income is $25,030. (-potential income fully rented at current market rents would be an additional $2675. For a total of $27,705.).Primary expenses: - Property Taxes $28,311.82 Insurance $6624. Utilities (water & hydro) 2024 $24,255. Fire alarm monitoring 2025 $1224. Bell phone (fire alarm communication) 2025 $1080. Waste collection 2025 $2280. Grass & snow maintenance 2024 $3000. NOTES:Both buildings have newly installed fully functioning fire alarm systems with notifier communication to Belleville Fire Dept. currently monitored by Alarm Systems Belleville. Total cost of retrofit in 2023/2024 was approximately $100,000.Window replacement at 58 Egin is approx. 90%. All windows have been fully flashed in 2025 ($8000.)Window replacement at 60 Elgin is approx. 70%.This property to be sold with adjacent 12 Plex listing
Address
58 Elgin Street
List Price
$2,087,500
MLS® Status
New
Expiration Date
2026-07-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Belleville
Sub-Area
Belleville Ward
Region
Hastings
Lot Size Source
GeoWarehouse
Lot Depth
137.51
Lot Shape
Irregular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
102.36
Parcel Number
404570088
Total Building Area
14757
Occupant Type
Tenant
Cross Street
West Moira
Approx. Age
31 - 50 Years
MLS® Number
X12945496
Listing Brokerage
RE/MAX QUINTE LTD.
Basement
No
Postal Code
K8P 4B2
Posession Details
Flexible
Tax Amount
$28,311.82
Tax Year
2025
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
Baseboard
Cooling Features
No
Garage Type
None
Tax Legal Description
Pt Lt 22-23, 38 Pl 63 Sidney Pt 1, 21R1702, Pt 2, 21R2494; Belleville; County of Hastings
Sewer
Sanitary
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