Price Change 58 Elgin Street, Belleville, ON K8P 4B2
Belleville Ward · Belleville · ON
About this property
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.
Property details
- MLS® Number
- X12945496
- Status
- Active / Price Change
- Transaction
- For Sale
- Property Type
- Commercial
- Property Subtype
- Investment
- Lot Size
- Feet
- Lot Width
- 102.36
- Lot Depth
- 137.51
- Taxes
- $28,312
- Tax Year
- 2025
- Garage
- None
- Parking Spaces
- 12
- Heating
- Baseboard
- Cooling
- No
- Sewer
- Sanitary
- Cross Street
- West Moira
- Directions
- West Moira to Elgin Street
- Occupancy
- Tenant
Building & Construction
- Approximate age
- 31-50
- Building area
- 14757
Parking & Garage
- Garage
- None
- Parking spaces
- 12
Community & Neighbourhood
- Cross street
- West Moira
Utilities & Services
- Sewer
- Sanitary
- Utilities
- Available
Location
Property History
- Listed
- April 1, 2026 12:16 PM
- Listing updated
- November 9, 2026 3:25 PM
- System updated
- November 9, 2026 3:25 PM
- Photos changed
- April 1, 2026 12:16 PM
- Media changed
- November 6, 2026 2:52 PM
- Imported locally
- November 9, 2026 6:00 PM