215 Victoria Avenue

Introducing a remarkable investment opportunity, this Multi-Family Home for sale in Belleville is located at 215 Victoria Avenue, Belleville. This well-maintained multiplex is positioned on a generously sized lot of 100 X 266 feet in the established east-end neighbourhood of Belleville Ward, Hastings. With a total of 42 rooms, including 18 bedrooms and 8 bathrooms, this property is designed to cater to a variety of tenants, making it an ideal choice for investors seeking immediate cash flow.

This Multi-Family Home for sale in Belleville comprises eight existing residential units, providing a stable income stream from the outset. The property is tenanted, ensuring that you can start generating revenue right away. Notably, the building is a two-storey structure with a sturdy brick exterior, reflecting both durability and aesthetic appeal. Although there is no central vacuum system or air conditioning, the property benefits from municipal water and sewer services, which are essential for any residential establishment.

The appeal of this Multi-Family Home for sale in Belleville extends beyond its current income-generating capabilities. The property is zoned R3, allowing for the potential addition of up to seven more residential units, subject to the necessary approvals. This presents a significant opportunity for future expansion, particularly in a market that is steadily growing. The City of Belleville Planning Department has confirmed this potential in writing, and supporting documentation is readily available for interested buyers.

The extensive care that has been invested in this property over the years is evident through numerous major capital improvements. Recent updates include new plumbing and windows completed in 2012, a paved driveway installed in the same year, and a new boiler and hot water holding tank added in 2022. Additionally, the water and sewer lines were updated in 2023, and brand-new sidewalks are scheduled for completion in 2024. Several units have also undergone significant renovations, particularly Apartments 2, 3, 4, and 8, which feature modernised kitchens and bathrooms, enhancing their appeal to potential tenants.

Located at 215 Victoria Avenue, Belleville, this Multi-Family Home for sale in Belleville is conveniently situated close to various amenities, public transit options, schools, and the vibrant downtown area. This prime location not only attracts tenants but also positions the property favourably for future appreciation in value. With parking space for up to 20 vehicles and a lane driveway available, accessibility is assured for both residents and visitors alike.

This property, with its unfinished full basement, offers further potential for development or storage, catering to the needs of future owners or tenants. While the home is currently unfurnished, this allows new owners the flexibility to tailor the space according to their vision or to meet the preferences of prospective tenants.

In summary, this Multi-Family Home for sale in Belleville at 215 Victoria Avenue, Belleville, represents a rare opportunity for investors looking to strengthen their portfolio. With its combination of immediate cash flow, significant future development potential, and a well-maintained structure, this property is poised to deliver both stability and growth. Opportunities like this are seldom available, making it an enticing prospect for those looking to invest in a cash flow-positive property while planning for the possibilities of tomorrow. Don’t miss out on this exceptional investment opportunity!

Belleville Ward, nestled within the vibrant city of Belleville, offers a charming blend of urban convenience and natural beauty. This area is characterised by its picturesque parks, tree-lined streets, and a diverse array of local amenities, making it an inviting place for residents. With a rich history reflected in its architecture and a strong sense of community spirit, Belleville Ward is well-served by schools, shops, and recreational facilities. The proximity to the scenic Bay of Quinte enhances its appeal, providing opportunities for outdoor activities and leisurely strolls along the waterfront. Whether you’re seeking a quiet neighbourhood or a lively social scene, Belleville Ward presents an attractive option for prospective residents.

Schools in the Neighbourhood

This property is conveniently located near several reputable educational institutions, making it an ideal choice for families. Within a short distance, you’ll find Queen Victoria School, an elementary public school offering grades JK to 6, just 0.6 km away with a solid rating of 5.1. Queen Elizabeth School, also a public institution, is located 0.7 km from the property and caters to grades JK to 8, holding a rating of 4.5. For older students, Eastside Secondary School is 1.7 km away, providing education for grades 9 to 12, although it has a lower rating of 3.9. Additionally, Harry J. Clarke Public School, rated 5.7, is a French-language elementary school situated 1.3 km from the property, serving grades 4 to 8. Catholic education options include St. Michael Catholic School, which is 0.9 km away and offers both English and French instruction for grades K to 8, rated at 5.2. Lastly, Nicholson Catholic College, a secondary school 1.0 km from the property, has a commendable rating of 5.5. This array of schools provides excellent educational opportunities for children of all ages.