201 Victoria Avenue Belleville, Ontario K8N 2B9
$1,690,000
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 (id:58073)
Property Details
| MLS® Number | X12857810 |
| Property Type | Multi-family |
| Community Name | Belleville Ward |
| Parking Space Total | 11 |
Building
| Bathroom Total | 11 |
| Bedrooms Above Ground | 17 |
| Bedrooms Total | 17 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a (finished), N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Other |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 100 Ft |
| Size Total Text | 100 X 100 Ft|under 1/2 Acre |
| Zoning Description | R6 |
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March 10 2026 11:40:23
Central Lakes Association of REALTORS®
RE/MAX Quinte Ltd.