190 Bridge Street E

Nestled in the heart of Belleville, at 190 Bridge Street E, this charming Multi-Family Home for sale in Belleville presents an exceptional investment opportunity. Set on a large, south-facing corner lot measuring 66 by 132 feet, this red brick multiplex has been thoughtfully converted into four apartments, comprising three one-bedroom units and one spacious two-bedroom unit. This property not only boasts considerable rental potential but also retains the historic charm of its era, making it a truly unique offering.

The Multi-Family Home for sale in Belleville is situated in the vibrant Belleville Ward, conveniently located near the intersection of Bridge St E and Foster Ave. With below-market rents currently set between $750 and $800 per month for long-term tenants, the property generates a net operating income of approximately £15,250. The gross rental income stands at £36,600, which conveniently includes water, gas, taxes, insurance, and maintenance, providing a solid foundation for any investor looking to expand their portfolio.

As you step inside this delightful building, you'll immediately notice the craftsmanship that has been preserved over the years. The home features a total of 14 rooms, including four kitchens, which are perfect for the multi-family setup. While there are no additional kitchens or a family room, the layout is designed to maximise comfort and functionality for all tenants. The absence of central air conditioning may be noted, but the property benefits from a water heating system, ensuring warmth during those chilly months.

The living spaces within this Multi-Family Home for sale in Belleville are enhanced by original period details, showcasing beautiful hardwood floors, two decorative cast iron fireplaces, and large bay windows that flood the rooms with natural light. The soaring ceilings add to the sense of space, while decorative archways, original doors, trim, and mouldings provide a touch of elegance that is often lost in modern constructions. The generously sized principal rooms offer tenants a level of comfort and style that is hard to come by in contemporary apartments.

Outside, the property is equally inviting. The exterior features a charming wrought-iron fence, mature trees, and lush gardens that enhance its curb appeal, making it a lovely sight for passers-by. A private, fenced stone courtyard provides a tranquil shared outdoor space where tenants can unwind and enjoy the fresh air. This aspect of the property adds significant value, as outdoor space is a rare find in urban settings.

The Multi-Family Home for sale in Belleville also comes with practical amenities, including two paved driveways that provide parking for up to six vehicles, along with a detached one-car garage. This is a significant advantage for tenants, ensuring that parking is never a hassle. The building is equipped with five hydro meters, making it easy to manage utilities for each unit. Although the basement is unfinished, it offers potential for future development, depending on the new owner's vision.

With an age of over 100 years, this property is steeped in history and character, making it a rare opportunity for investors seeking an attractive asset with a reasonable buy-in value and considerable upside. A home inspection is available for serious buyers, and offers will be presented on October 8th. Don't miss out on this fantastic chance to own a Multi-Family Home for sale in Belleville that combines historic charm with modern income potential. With its prime location at 190 Bridge Street E, Belleville, this property is sure to attract interest from savvy investors looking to make their mark in the real estate market.

Belleville Ward, nestled within the vibrant city of Belleville, offers a charming blend of urban convenience and natural beauty. This picturesque area is characterised by its tree-lined streets, welcoming parks, and a variety of local amenities, making it an ideal place for families and individuals alike. Residents enjoy easy access to shops, cafes, and recreational facilities, while the nearby waterfront provides opportunities for leisurely strolls and outdoor activities. With a strong sense of local identity and a friendly atmosphere, Belleville Ward presents a delightful setting for those looking to settle in a community that balances modern living with a touch of tranquillity.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it a great choice for families. Within a short distance, you will find Queen Elizabeth School, a public elementary school offering grades JK to 8, rated 4.5, just 0.7 km away. For older students, Eastside Secondary School is located 2.0 km from the property, providing education for grades 9 to 12 with a rating of 3.9. Additionally, Harry J. Clarke Public School, which offers grades 4 to 8 in French, is 1.7 km away and boasts an impressive rating of 5.7. The area also features St. Michael Catholic School, a well-rated Catholic elementary school (5.2) just 0.7 km away, and Nicholson Catholic College, a secondary institution rated 5.5, located 0.8 km from the property. This diverse selection of schools, including both public and Catholic options, ensures that families have access to quality education in both English and French. Overall, the proximity to these schools enhances the appeal of this property, making it a perfect fit for those prioritizing education for their children.