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58 Elgin Street
Belleville Ward Belleville K8P 4B2

$2,087,500 /For Sale
Commercial

Main Photo: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 1: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 2: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 3: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 4: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 5: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 6: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 7: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 8: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 9: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 10: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 11: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 12: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 13: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 14: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 15: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 16: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 17: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
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Photo 28: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 29: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 30: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 31: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Photo 32: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12945496
Bus Major:
Apts - 6 To 12 Units
58 & 60 Elgin Street at $2,087,500 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units.As of Feb.01/26 there are 2 vacancies consisting of 1 two bedroom newly renovated and 1 one bedroom (58-01) which is currently used as a workshop/office.As of the Feb. 2026 rent roll the current monthly income is $25,030. (-potential income fully rented at current market rents would be an additional $2675. For a total of $27,705.).Primary expenses: - Property Taxes $28,311.82 Insurance $6624. Utilities (water & hydro) 2024 $24,255. Fire alarm monitoring 2025 $1224. Bell phone (fire alarm communication) 2025 $1080. Waste collection 2025 $2280. Grass & snow maintenance 2024 $3000. NOTES:Both buildings have newly installed fully functioning fire alarm systems with notifier communication to Belleville Fire Dept. currently monitored by Alarm Systems Belleville. Total cost of retrofit in 2023/2024 was approximately $100,000.Window replacement at 58 Egin is approx. 90%. All windows have been fully flashed in 2025 ($8000.)Window replacement at 60 Elgin is approx. 70%.This property to be sold with adjacent 12 Plex listing
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
14757 sq. ft. Square Feet
Total Area:
14,757 sq. ft.
Lot Depth:
137'6⅛"
Lot Frontage:
102'4"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
R6
Heating type:
Baseboard
Survey Available:
Yes
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Assessment:
$763,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$28,311.82 / 2025
Assessment:
$763,000.00 / 2025
Hastings
Belleville
Belleville Ward
10 Fridges, 12 Stoves, 2 Washers, 2 Dryers, Hot Water Tank (4)
Utilities:
Available
Sewers:
Sanitary
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Expenses Actual/Estimated:
Estimated
Insurance Expenses:
$3,312
Tax Expenses:
$28,311.82
Year Expenses:
2025
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Franchise:
No
Chattels:
Yes
Date Listed:
Apr 01, 2026
Original Price:
Previous Price:
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  • Photo 23: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
    New alarm system
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  • Photo 26: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
    4 hot water tanks owned
  • Photo 27: 58 Elgin Street in Belleville: Belleville Ward Commercial for sale : MLS®# X12945496
    2 washers
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    2 dryers
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    Cable
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    Separate meters
Listed by RE/MAX QUINTE LTD.
Data was last updated April 3, 2026 at 03:15 PM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.