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171111

MLS® X12857810

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential
Size -
Garage None
Taxes $23,486
Days Active 28
Lot Size 
Approx. Age 
MLS® Number X12857810

Property Address: 201 Victoria Ave, Belleville, ON, K8N2B9

Average square foot calculated using Size range provided by listing agent.

Description

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, 149Show Description
MLS® NumberX12857810
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementFinished, Apartment
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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Starting Address
Destination Address
201 Victoria Ave, Belleville, ON

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