Jayne Porter

Sales Representative

jayneporter@sympatico.ca

Cell: 416-435-2005
Office: 705-660-2255

MLS®: X12857810

Status: For sale

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$1,690,000

Location:

201 Victoria Avenue, Belleville (belleville Ward) Ontario, K8N2B9

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 $1,149 (id:2471)

Property:
Type: Multi-family
Lot Dimensions: 100 x 100 FT	Acreage: 100 x 100 FT\|under 1/2 acre
Sewer: Sanitary sewer	Water: Municipal water
Parking Type: No Garage

Structure:
Style: Other	Square Footage: 5000 - 100000 sqft
Bedrooms: 17	Bathrooms: 11
Heating: Baseboard heaters
Heating Type: Other
Cooling Type: Window air conditioner
Exterior: Brick
Foundation Type: Concrete

BALL Real Estate Inc., Brokerage - Norwood

Jayne Porter
Sales Representative

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Telephone:
705-660-2255

Cellular:
416-435-2005

Listing Office: RE/MAX QUINTE LTD.

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Jayne Porter

201 Victoria Avenue, Belleville (belleville Ward) Ontario, K8N2B9

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