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    For Sale - 215 Victoria Avenue, Belleville, Ontario

    Est payment $8,115/mo
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    Views   5
    Time on Jump  38 day

    AI Summary *

    • Well-maintained 8-plex with immediate cash flow and long-term growth potential.
    • Zoned R3, allowing for the possibility of adding 7 more units.
    • Recent major improvements ensure low maintenance and higher tenant satisfaction.
    • Conveniently located near amenities, transit, and schools for tenant appeal.
    • Strong investment opportunity in a growing market with limited similar offerings.




    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.
    Listing IDX13217592
    Address215 Victoria Avenue
    CityBelleville, Ontario
    Price$1,690,000
    Bed / Bath18 / 8 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Unfinished, FullFoundation Poured Concrete, StoneHeating / Cooling WaterHeating Fuel GasSewer Sewer

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    Listing Agency:  Re/Max Quinte Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    215 Victoria Avenue
    Belleville , Ontario
    18 8 $1,690,000
    Get more info