58 & 60 Elgin Street at $1,895,000 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units. There is 1 vacant unit consisting of one bedroom (58-01) which is currently used as a workshop/office. Current monthly rent for 58 and 60 combined is $27,064.53 on the 23 occupied units. Annual expenses, both buildings combined: Property taxes $56,623.64 (2025 final, $28,311.82 per building). Insurance $8,323 (2026-27). Water $12,050 (2025). Hydro $13,144. Fire alarm monitoring $1,224 (2025). Bell phone (fire alarm communication) $1,080 (2025). Waste collection $2,280 (2025). Grass & snow maintenance $3,000 (2024). 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 Elgin is approx. 90%. All windows were fully flashed in 2025 ($8,000). Window replacement at 60 Elgin is approx. 70%. This property to be sold with adjacent 12 Plex listing.
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