For Sale: 215 Victoria Avenue, Belleville, ON - REW
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$1,690,000
18 bd • 8 ba • 700 - 1099 sf • Multifamily
215 Victoria Avenue
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$1,690,000
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215 Victoria AvenueBelleville, ON, K8N 2C2

  • 18 Bed
  • 8 Bath
  • 700 - 1099 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Tim Mckinney, Salesperson, Re/Max Quinte Ltd.

Home facts and features

Price details
List Price
$1,690,000
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Gross Taxes for 2025
$20,037
Home facts
Bedrooms
18
Full Bathrooms
8
Parking Spaces
20
Parking Details
No Garage
Property Type
Multifamily
Depth
265.8 feet
Frontage
100.0 feet
Exterior Finish
Brick
Heating Type
Natural gas
Basement Details
Unfinished, Full
Features
Lane
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
Tim Mckinney
Primary Broker
Re/Max Quinte Ltd.
Secondary Agent
Alexandra Hainse
Secondary Broker
Re/Max Quinte Ltd.
Listing details
Days on REW
11 Days
MLS® Number
X13217592
Source
Canadian Real Estate Association
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Property Insights

Queen Victoria School
  • Public
  • JK - 6
Queen Elizabeth Public School
  • Public
  • JK - 8
St Joseph Catholic School
  • Catholic
  • JK - 8
Nicholson Catholic College
  • Catholic
  • 9 - 12
St Michael Catholic School
  • Catholic
  • JK - 8
Harry J Clarke Public School
  • Public
  • JK - 8
Holy Rosary Catholic School
  • Catholic
  • JK - 8
Moira Secondary School
  • Public
  • 9 - 12
Prince of Wales Public School
  • Public
  • JK - 8
Hillcrest Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Tim Mckinney
Phone:
(613) 969-9907
Office:
613-969-9907
Salesperson
Alexandra Hainse
Phone:
(613) 969-9907
Office:
613-969-9907
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