201 Victoria Avenue, Belleville, ON K8N 2B9
$1,690,000
activeNEW
About This Property
Excellent investment opportunity in a desirable Belleville neighbourhood. This well-maintained 11-unit brick apartment building offers strong rental potential with recent tenant turnovers that has improved rents. A number of units have been recently renovated, enhancing both appeal and long-term value. The property features separately metered hydro, with tenants responsible for their own electricity, helping to control operating costs. Each tenant has their own hot water tank. Major capital improvements include a new boiler, upgraded vinyl windows, and a completed fire retrofit, providing peace of mind for investors. Additional amenities include coin-operated laundry for added income and convenience for tenants. Solid brick construction, concrete columns in hallways separating apartments, solid built building. The location is in a great Belleville neighbourhood and makes this a compelling addition to any investment portfolio. Because of the quality of the building and location there has not been much tenant turnover. Current Annual Rent = $135,540. Annual Expenses (2024): Water $4,650, Hydro $4,478, Gas $5800 (estimated), Reliance $1,149
Property Details
Single Family Home
Active
X12857810
17
11
5,000
March 9, 2026
Features & Amenities
Listing Information
Listing Information
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Re/Max Crossroads Realty Inc., Brokerage — 533 Danforth Rd, Scarborough ON M1K 1C9