25 Manley Drive Belleville, Ontario K8N 4Z4

$699,000

One of a kind 7300+ sq. ft 4-plex 5 mins East of Belleville on a 1.69 acre lot. A truly unique investment property that stands out from the rest. The Point Anne School, originally built in 1908, is anything but ordinary. This converted schoolhouse was completely redesigned and renovated around 2007. Creating four spacious, majestic suites.12-foot soaring ceilings, towering windows, and stately principal rooms, a parking area for 10+ cars, and an acre of cleared green space for a yard, and you have 25 Manley Drive. Other key features include an interconnected fire alarm system and an updated fire safety plan. Each apt has its own owned HWT and forced air propane furnace (2007), and are separately metered with new electrical panels and wiring (2007). Two of the units feature laundry facilities, and all of them have full four-piece baths, including a showroom bathroom in APT D. The main floor comprises two 2-bedroom units (A and D) and a 1-bedroom apartment (B). The entire second floor is a massive 2,400+ sq ft, 3-bedroom unit (C). The full, unfinished basement was spray-foamed after an energy audit was conducted during the major renovations to create a lot of dry storage space. Newer flooring is installed in two of the units, the shingles were redone in 2023, and the flat roof was replaced approximately. 6 years ago. Three long-term tenants have been there for over seven years, and one apartment is now vacant. All tenants are responsible for paying their heat and hydro. The landlord covers the cost of water and a small portion of hydro for the common areas. The income and expense statement, as well as the original architectural drawings and floor plans from the 2007 major renovation, are available. 24 hours' notice for all showings. B D are available for showings on Saturdays and Sundays, and the three-bedroom upstairs Apartment (C) is available throughout the week between 9:00 AM and 5:00 PM. The newly vacant unit APT A is available at any time. (id:35544)

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