Rare turnkey investment opportunity in Bellevilles desirable east end! This solid bungalow features a 3-bedroom, 1-bathroom main floor plus a fully self-contained legal 2-bedroom, 1-bathroom basement apartment with a private entrance, newly constructed with permits in 2024. Currently fully tenanted and professionally managed, the property generates an impressive $4,250 per month in rental income, making it an immediate cash-flowing asset with no disruption to operations. Ideal for investors seeking a low-maintenance property, both units are modern, well-designed, and in demand by quality tenants. Located in one of Canada's fastest growing cities, Belleville continues to attract new residents and investment, strategically situated on the 401 corridor between Toronto, Ottawa, and Montreal. The property is less than 10 minutes from Belleville General Hospital, the VIA Rail station, parks, schools, shopping, and major amenities, ensuring strong tenant demand and long-term appreciation. With stable rental income, a legal second suite, and management already in place, 167 Stanley Street is a rare chance to secure a hassle-free, high-performing investment property in a growing market. (id:50947)
| MLS® Number | X12396699 |
| Property Type | Multi-family |
| Community Name | Belleville Ward |
| Amenities Near By | Schools, Place Of Worship, Park, Public Transit |
| Community Features | Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Carpet Free, In-law Suite |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Bungalow |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1100 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Land Amenities | Schools, Place Of Worship, Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 55 Ft |
| Size Frontage | 72 Ft |
| Size Irregular | 72 X 55 Ft |
| Size Total Text | 72 X 55 Ft|under 1/2 Acre |
| Zoning Description | Residential Type 2 (r2) |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Living Room | 5.81 m | 3.2 m | 5.81 m x 3.2 m |
| Lower Level | Kitchen | 3 m | 3.5 m | 3 m x 3.5 m |
| Lower Level | Bedroom | 2.95 m | 3.25 m | 2.95 m x 3.25 m |
| Lower Level | Bedroom 2 | 3.2 m | 2.57 m | 3.2 m x 2.57 m |
| Main Level | Living Room | 4.93 m | 3.5 m | 4.93 m x 3.5 m |
| Main Level | Kitchen | 3.25 m | 3.5 m | 3.25 m x 3.5 m |
| Main Level | Bedroom | 3 m | 3.5 m | 3 m x 3.5 m |
| Main Level | Bedroom 2 | 2.69 m | 3.5 m | 2.69 m x 3.5 m |
| Main Level | Bedroom 3 | 3.07 m | 3.5 m | 3.07 m x 3.5 m |
| Electricity | Installed |
| Sewer | Installed |
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