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422-430 TURNBERRY Street, Brussels — listed at $1,100,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A landmark 1888 building and a rare opportunity to own a stable, cash-flowing mixed-use property in the heart of Brussels. Featuring six generously sized residential apartments and two commercial spaces, this well-established income property offers approximately $158,940 in potential gross annual income, with additional upside through furnished and hospitality-style accommodations. You could choose to live in one unit with a substantial offset to your mortgage and ownership costs through the building’s rental income; possibly living for free! Numerous capital improvements have been completed, including front facade brick repointing, window caulking and new flashing (2026); updated windows in one apartment (2026); new kitchens in two apartments (2024); new eavestroughs (2024); improvements to the rear building (2024); foundation support beam and repairs (2024); basement lighting (2023); and washer/dryer installation (2023). A few apartments are furnished and could be included in the sale. A truly unique property combining historic character, diversified income, recent improvements and long-term flexibility. Continue with traditional tenants, incorporate furnished accommodations, or create a combination that works for your investment strategy—an established income-producing property with multiple opportunities to build long-term value. (id:60164)
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is electric. Electric heating can mean higher winter bills — ask for past utility statements.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 16 bedrooms and 6 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,385, heating is electric. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 4 spaces — Open.
What makes this a luxury property?+
At $1,100,000, standout features include 8300 sq ft, 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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