$1,690,000

Multiplex

201 Victoria Avenue, Belleville, ON

5 DAYS
17
11
0
5,000
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Listed by RE/MAX QUINTE LTD.

Property Highlights

Parking

11 spaces

Property Tax

$23,486/yr

Age

31-50 yrs

Lot Size

< .50 ac

Style

2-Storey

Basement

Finished, Apartment

Monthly Cost

$9,094/mo

About This Home

Excellent investment opportunity in a desirable Belleville neighbourhood. This well-maintained 11-unit brick apartment building offers strong rental potential with recent tenant turnovers that has improved rents. A number of units have been recently renovated, enhancing both appeal and long-term value. The property features separately metered hydro, with tenants responsible for their own electricity, helping to control operating costs. Each tenant has their own hot water tank. Major capital improvements include a new boiler, upgraded vinyl windows, and a completed fire retrofit, providing peace of mind for investors. Additional amenities include coin-operated laundry for added income and convenience for tenants. Solid brick construction, concrete columns in hallways separating apartments, solid built building. The location is in a great Belleville neighbourhood and makes this a compelling addition to any investment portfolio. Because of the quality of the building and location there has not been much tenant turnover. Current Annual Rent = $135,540. Annual Expenses (2024): Water $4,650, Hydro $4,478, Gas $5800 (estimated), Reliance $1,149

Monthly Cost

Monthly Mortgage$7,136
Property Tax ($23,486/yr)$1,957
Total$9,093

Price & Listing History

Schools

Location

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Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage