58 ELGIN STREET
Central Lakes · K8P4B2
$1,945,000
About this residence
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 (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Living area
- 14,757 sq ft
- Lot size
- 102.36 x 137.51 FT
- Frontage
- 102.4 feet
- Annual tax
- $28,312
- MLS®
- X12945496
- Board
- Central Lakes
- Status
- Active
- Listed
- Apr 1, 2026
- Updated
- Jul 15, 2026
Features & finishes
Appliances
- Dryer
- Water Heater
- Two Washers
Heating
- Baseboard heaters
Lot
- Irregular lot size
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$9,096/mo
Loan amount
$1,556,000
Down payment
$389,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K8P- 23,166
- Population
- 44
- Median age
- $64,500
- Median income
- $400,000
- Median home value
- 52%
- Home ownership
- 19 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 58 ELGIN STREET?
58 ELGIN STREET is listed for $1,945,000, in Central Lakes.
What type of home is 58 ELGIN STREET?
58 ELGIN STREET is a Multi-family, Multi-Family.
How large is 58 ELGIN STREET?
The home offers approximately 14,757 sq ft of living space on a lot measuring 102.36 x 137.51 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $9,096. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $28,312 per year.
What is the Central Lakes area like?
Central Lakes has a population of about 23,166, a median age of 44, a 52% home-ownership rate, with an average commute of about 19 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $400,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $64,500.
Similar residences
Comparable Multi-Family near Central Lakes at a similar price.
Private viewings
Arrange a private viewing of 58 ELGIN STREET.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.