5 Sienna Avenue

Nestled in the heart of Belleville, at the address of 5 Sienna Avenue, this remarkable property presents an exceptional opportunity for investors. This Multi-Family Home for sale in Belleville is a purpose-built, brand-new multiplex that stands as a testament to modern living. With a strategic location at the entrance of Potter's Creek, it is ideally situated for military personnel commuting to the base, healthcare workers heading to the hospital, and anyone seeking easy access to the best amenities that Quinte has to offer.

The property boasts an impressive total of eight bedrooms spread across four individual units, each offering approximately 1,100 square feet of well-designed living space. Each unit is equipped with two bedrooms, one bathroom, a kitchen, and laundry facilities, along with their own mechanical rooms and equipment. This thoughtful layout ensures privacy and comfort for all residents. The Multi-Family Home for sale in Belleville is designed to cater to the needs of diverse tenants, making it an attractive investment opportunity.

5 Sienna Avenue, Belleville, features a total of 12 rooms, including the four kitchens that are a key highlight of this property. The absence of a den or additional rooms does not detract from the overall functionality of the units. The home is unfurnished, allowing potential tenants to personalise their living spaces according to their tastes. Furthermore, the central air conditioning ensures a comfortable environment throughout the year, while the heat pump provides efficient heating during the colder months.

The exterior of the building is clad in durable vinyl siding, providing a modern and appealing aesthetic that is sure to attract prospective tenants. The property is situated on a generous lot measuring 78 by 117 feet, offering ample outdoor space, although there is currently no pool or garage on the premises. However, the property does include parking space for up to four vehicles, ensuring convenience for residents and visitors alike.

In terms of utilities, all are separated for each unit, allowing for straightforward management and billing. The market rent for each unit is conservatively estimated at £2,200 plus utilities per month, which translates to an impressive annual income of £105,600. This financial potential makes the Multi-Family Home for sale in Belleville an enticing prospect for savvy investors looking to expand their portfolios.

Additionally, the property benefits from the new Purpose Built Rental Housing (PBRH) Rebate offered by the Canadian government. This rebate allows the buyer to apply for a full HST rebate, significantly reducing the purchase price after closing to £1,283,186. Such savings are truly remarkable and present a unique opportunity for those looking to invest in real estate in Belleville.

The location at the corner of Sienna Avenue and Dundas Street West offers further advantages, including potential future opportunities for leasing advertising space at a premium. This strategic positioning enhances the appeal of the Multi-Family Home for sale in Belleville, making it not only a residential investment but also a potential commercial one.

In summary, 5 Sienna Avenue, Belleville, is a multi-family home that combines modern living with excellent investment potential. With its eight bedrooms, four kitchens, and a prime location, this property is poised to attract a diverse range of tenants. The absence of a basement, den, or additional land is offset by the property's many strengths, including its central air conditioning, efficient heating system, and the financial benefits associated with the PBRH rebate. This Multi-Family Home for sale in Belleville is an opportunity not to be missed for those looking to invest in a growing community.

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 tree-lined streets, a mix of historic and contemporary architecture, and a welcoming atmosphere that invites both families and individuals alike. Residents can enjoy easy access to local amenities, including shops, parks, and recreational facilities, while the picturesque Bay of Quinte provides opportunities for outdoor activities and leisurely strolls along the waterfront. With a strong sense of local identity and a variety of community events throughout the year, Belleville Ward is an appealing choice for those seeking a balanced lifestyle in a thriving city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a 1.5 km radius, you'll find two public elementary schools: Sir John A. Macdonald School and Susanna Moodie Elementary School, both rated 7.3 and 4.5 respectively, offering grades from Junior Kindergarten to Grade 8. For secondary education, Centennial Secondary School is just 1.5 km away, catering to students from Grades 7 to 12 with a rating of 5.5. Additionally, Our Lady of Fatima Catholic School, located 2.4 km away, provides a Catholic education for grades JK/SK to 8, though it has a lower rating of 1.2. For older students, Nicholson Catholic College is 3.6 km away, offering grades 9 to 12 with a rating of 5.5. St. Michael Catholic School, also within a short distance at 3.7 km, provides French language instruction for grades K to 8 and has a rating of 5.2. Overall, the area offers a variety of schooling options, ensuring quality education for children of all ages.