215 Victoria Avenue, Belleville, ON K8N 2C2
For Sale
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MLS® X13217592
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Overview
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ATTENTION INVESTORS - Rare 8-Plex Opportunity in Belleville's East End. Positioned on a generously sized lot in one of Belleville's established east-end neighborhoods, this tenanted and well-maintained multi-residential property offers immediate cash flow with a significant future upside. Featuring 8 existing residential units, this is the kind of investment opportunity that combines stability today with development potential for tomorrow. What truly sets this property apart is the future expansion opportunity. Zoned R3, the property may permit up to 7 more residential units based on current lot size and zoning provisions - subject to required approvals. The City of Belleville Planning Department recently confirmed this potential in writing, and supporting documentation is available. A planning and development firm was previously retained to prepare conceptual site plans and conduct pre-consultation discussions with the city, laying important groundwork for future development possibilities. Extensively cared for over the years, the property has seen numerous major capital improvements including updated plumbing and windows (2012), paved driveway (2012), boiler and hot water holding tank (2022), water and sewer lines (2023), and brand-new sidewalks (2024). Several units have also undergone significant renovations, including updated kitchens and bathrooms in Apartments 2, 3, 4, and 8. Located close to amenities, transit, schools, and downtown Belleville, this is an exceptional opportunity for investors looking to strengthen their portfolio with a proven income-producing property while securing long-term development potential in a growing market. Opportunities like this are rarely available - invest in cash flow today while planning for the possibilities of tomorrow.
Bedrooms
18
Bathrooms
8.0
Area
900 sqft
Lot Size
0.6 acres
Type
Multiplex
Property Details
Year BuiltNot Disclosed
CityBelleville
Postal CodeK8N2C2
Lot Dimensions100.00 × 265.75 ft
Parking20 spaces
Interior Features
Heat: Water
Heat Source: Gas
Cooling: None
Style: 2-Storey
Exterior & Land
Sewer: Sewer
Construction: Brick
Roof: Membrane
Utilities & Services
Heat SourceGas
SewerSewer
215 Victoria Avenue, Belleville, ON K8N 2C2
Purchase Calculator
$1,690,000.00
$354,900.00
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer
💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
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🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost
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0
/month
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Other expenses
Rental income
- Monthly Mortgage$0.00
- Home Expenses$0.00
- Other Expenses$0.00
- Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00
Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
215 Victoria Avenue, Belleville, ON K8N 2C2
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