215 Victoria Avenue,Belleville, ON K8N 2C2
Belleville, ON K8N 2C2
Description
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.
Details
| MLS # | X13217592 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 85 |
| Listing Provided By | Re/Max Quinte Ltd. | X13217592 367401 |
Features
| Bed(s) | 18 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.61 |
Interior
| Interior Features | None |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Membrane |
|---|---|
| Foundation Details | Poured Concrete, Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lane, Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 20037.2 |
|---|---|
| Tax Legal Description | PT LT 19E, 20E PL 166 THURLOW AS IN QR230081 EXCEPT PT 3 21R6809; BELLEVILLE ; COUNTY OF HASTINGS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Hastings |
| City | Belleville |
| Postal Code | K8N 2C2 |
| Area | Belleville Ward |
| Listing VS Median (in K8N 2C2) | |
Price: $1,690,000 low | high Med: $0 On site: 85 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hastings |
| City | Belleville |
| Postal Code | K8N 2C2 |
| Area | Belleville Ward |
| Listing VS Median (in K8N 2C2) | |
Price: $1,690,000 low | high Med: $0 On site: 85 low | high Med: | |
