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For Sale

Investment #X12945504

$1,895,000

60 Elgin St

Belleville - Belleville Ward

15102 sqft
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Property history Buy/sell history for 60 Elgin St Belleville

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$1,895,000

For Sale

Date: 01 Apr, 2026 228 days
X12945504
Property details
Highlights
Home value
Rental analysis
Payments
Market trends

Home facts

Details

Rooms

Tax
$28311.82/yr
Property type
Investment
Style
Apartment
Building age
31-50
Sqft
15102
Lot size
102.36 x 150.38
Price/sqft
$125.48/sqft
Basement
N
Parking
None garage, 12 parking
MLS® #
X12945504
Major intersection
West Moira
Neighbourhood
Belleville Ward
Listed on
01 Apr, 2026

About this home

58 and 60 Elgin Street, offered together at $1,895,000 per building. Two adjacent 12-unit buildings with 24 suites in all: 22 two-bedroom and 2 one-bedroom. 23 suites are occupied. The one-bedroom at 58-01 is vacant and in use as the seller's workshop. Net operating income on rents in place is $201,561 for the two buildings combined, a 5.3% cap rate at the combined price with substantial upside. Rents in place are below market. Tenants pay heat and hydro, and every suite is separately metered. Both buildings have new fire alarm systems, installed in 2023 and 2024 at a cost of about $100,000, with notifier communication to the Belleville Fire Department. Windows are about 90% replaced at 58 Elgin and about 70% at 60 Elgin, and all were flashed in 2025. 24 surface parking spaces. One superintendent covers both buildings. This property is to be sold with the adjacent 12-plex listing. Read More

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Property is listed by Re/Max Quinte Ltd.

We are hiring | Join ReApp team

Property is listed by Re/Max Quinte Ltd.

We are hiring | Join ReApp team

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