5-7 Boswell St, Belleville, Ontario K8P 3K7

Turn-Key Triplex in the Heart of Belleville. Excellent investment opportunity in a prime central location. This extensively renovated rowhouse is ideally situated just a short walk from downtown, steps from a major transit route, close to schools, shopping, and essential amenities, making it highly desirable for tenants and investors alike. The property consists of three well-maintained two-bedroom residential units. Long-term tenants currently occupy two, while the third unit (5 Boswell Street) is vacant and move-in ready, offering the new owner the opportunity to find a tenant at market rent. All three units have been updated, featuring major capital improvements that include the complete replacement of plumbing and electrical systems, including 3 new panels. New windows & exterior doors. 4-piece bathrooms have been relocated to the main floor in each unit. New soffits, fascia & eaves, shingles done in 2018, some updated vinyl flooring in kitchens and bathrooms. Three newer natural gas furnaces and three owned HWT's (one installed in April 2025). Stucco exterior with vinyl siding on the north side of the building. 5 Boswell has just undergone additional upgrades, including having the hardwood flooring professionally refinished, a brand-new kitchen, and the entire interior painted. Additional features include: In-unit laundry hook-ups in all three apartments. Interconnected smoke and CO detectors. Open-concept main floor layouts with eat-in kitchens. Carpet-free interiors with approximately 80% original hardwood flooring. Private outdoor space for each unit that includes individual rear decks and a dedicated storage sheds for each tenant. Parking for 5-6 vehicles on site. This property currently offers a cap rate of 6.3%, with significant potential for income growth. A detailed income and expense statement is available upon request. 24 hours' notice required for showings of occupied units. 5 Boswell is currently vacant and easy to show.

Inclusions: 2 Fridges, 3 Stoves, Lawnmower, 4 Sheds, 3 Hot water tanks, window coverings, electric fireplace