249-253 Front Street
Belleville, ON
12,722 sqft • Investment • 327 days on market
Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. One of the commercial spaces is being currently leased. Currently vacant is a newly renovated 1,853 sqft unit and features exposed brick and stone, and an accessible layout complete with an accessible washroom. An additional 1,024 sqft storage space is currently vacant, and offers its own character with exposed brick, exclusive entryway and convenient alleyway access. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 4 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio.
Listing Details
- Taxes (2024)
- $25,745
- Originally Listed
- $3,750,000
- Listed
- September 29, 2025
Price History
Listing history
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Property
- Lot Size
- 60.75 x 172.24 Feet
Location & Legal
- Cross Street
- Front Street And Campbell St
- Zoning
- MX1
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
Community
Postal area K8N
- Population
- 30,393
- Private dwellings
- 13,782
- Median age
- 48
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Belleville · last 12 months
- Median sold price
- $502,000
- Homes sold
- 755
- Median days on market
- 32
- Sale-to-list price
- 97.2%
Based on 755 recorded sales of commercial properties in Belleville over the last 12 months.
Listed by
EKORT REALTY LTD.
Location
Commercial figures
- Building area
- 12,722 sq ft
- Price per sq ft
- $231.88
- Annual property tax
- $25,745
- Tax per sq ft
- $2.02
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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