21 PEPPER AVENUE, Belleville, Ontario K8P 4R2

This versatile multi-purpose residence in the West end of town offers incredible flexibility of ownership, whether for investment, multi-generational living, or economical homeownership. Currently set up as two self-contained rental suites, each unit features 2 bedrooms, a full bath, a formal living and dining room, a full kitchen, and in-unit laundry (washer only). With approximately 2,000 sq. ft. of total living space, a common side entrance leads to separate access for each unit, ensuring privacy. The upper unit is leased at $2,000/month with lease until November 2025, while the lower unit is vacant, previously rented for the same amount ... read more

This versatile multi-purpose residence in the West end of town offers incredible flexibility of ownership, whether for investment, multi-generational living, or economical homeownership. Currently set up as two self-contained rental suites, each unit features 2 bedrooms, a full bath, a formal living and dining room, a full kitchen, and in-unit laundry (washer only). With approximately 2,000 sq. ft. of total living space, a common side entrance leads to separate access for each unit, ensuring privacy. The upper unit is leased at $2,000/month with lease until November 2025, while the lower unit is vacant, previously rented for the same amount all-inclusive creating a potential gross rental income of $48,000 annually. The property boasts a large 164-ft deep fenced yard with a storage shed, parking for up to four vehicles, and is conveniently located on the City Bus route and close to town and highway, offering easy commuter access. Recent updates include newer roof shingles (2023), added laundry facilities and an owned hot water tank, with additional features such as vinyl windows, a forced-air gas furnace, and laminate flooring. Appliances for both units two fridges, two stoves, and two washers are included. Whether you choose to live in one unit while renting the other or lease both units for a solid investment return, this property is a fantastic opportunity. Immediate possession is available for the vacant unit, and detailed income/expense reports and floor plans are ready for review. (id:25417)