1 / 32

Investment signal

$2,087,500

60 ELGIN STREET

Beds

—

Baths

—

Sqft

—

Year

—

Text about this home Send a message

About this home

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%. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Belleville Ward
Living area: 15,102 square feet
Lot dimensions: 102.36 x 150.38 FT
On market: Apr 1, 2026
Status changed: Apr 15, 2026
Annual tax: $28,311.82 (2025)
Zoning: R6
Photos: 32
MLS#: X12945504
Area: BELLEVILLE_(BELLEVILLE_WARD)

Features and systems

Appliances

DryerTwo WashersWater Heater

Heating

Baseboard heaters

Cooling

None

Lot

Irregular lot size

Negative cash flow ~$3,964/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.39%

Cap rate

3.61%

GRM

16.6

Break-even rent

$14,623

Financing

Down payment$417,500

Loan amount$1,670,000

Mortgage$10,245/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$957

Insurance$80

Maintenance$1,740

CapEx reserve$870

Vacancy loss$523

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Belleville (Belleville Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $10,245/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.