215 Victoria Avenue, Belleville, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Belleville Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,690,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 18 Bedrooms and 8 Bathrooms with 8 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 100 x 265.75 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 20.0 total parking spaces available
- Notable attributes: None
- Efficient water heating via gas
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.
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Property Summary
This multiplex located at 215 Victoria Avenue, Belleville is currently for sale and has been available on SousaSells for 73 days. This property is listed at $1,690,000 with an estimated mortgage of $5,625* per month. It has 18 beds, 8 bathrooms, and is 700-1100 square feet. 215 Victoria Avenue, Belleville is in the Belleville Ward neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 18 bedrooms and 8 bathrooms, this home offers ample space and comfort for growing families in Belleville Ward, Belleville.
- •18 spacious bedroom layout offering versatile living space
- •8 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Belleville Ward, Belleville.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 215 Victoria Avenue, Belleville, ON
Q.What is the asking price for 215 Victoria Avenue, Belleville, ON ?
The current listing price for 215 Victoria Avenue, Belleville, ON in Belleville Ward, Belleville is $1,690,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 18 bedrooms and 8 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 215 Victoria Avenue, Belleville, ON ?
215 Victoria Avenue, Belleville, ON is a Multiplex (2-Storey) featuring a Unfinished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 20.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 215 Victoria Avenue, Belleville, ON K8N 2C2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Belleville, ON
For a property listed at $1,690,000 in Belleville, the legal minimum down payment is $338,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $30,275 for this transaction. As this listing is in Belleville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $30,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.