215 Victoria Avenue, Belleville, ON K8N 2C2

For Sale Added today MLS® X13217592
Asking Price
$1,690,000
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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

Financial Information

List Price$1,690,000
Annual Taxes$20,037 (2025)
Days on Market0
MLS® X13217592 • Listed by Re/Max Quinte Ltd.
215 Victoria Avenue, Belleville, ON K8N 2C2
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$1,690,000.00
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🧾 Amortization
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Effective Amortization30 Years
Property Location
215 Victoria Avenue, Belleville, ON K8N 2C2
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