215 Victoria Avenue
Belleville, ON
18 bed • 8 bath • approx. 700-1100 sqft • Multiplex • 90 days on market
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.
Virtual Tour
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Listing Details
- Taxes (2025)
- $20,037
- Listed
- May 29, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Membrane
- Foundation
- Poured Concrete, Stone
- Interior
- None
- Lot Size
- 100 x 265.75 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Bleecker & Victoria
- Parcel Number
- 405000033
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Apartment 1: Fridge, Dishwasher / Apartment 2: Stove, Fridge, Dishwasher / Apartment 3: Fridge, Stove, Washer/Dryer (Combo) / Apartment 4: Fridge, Stove / Apartment 5: Fridge / Apartment 6: Fridge Stove / Apartment 7: Fridge, Stove / Apartment 8: Fridge, Stove, Dishwasher / 2x Coin Washers, 2x Coin Dryers, Heating Boiler, Hot Water Tank (Storage Tank for Boiler)
- Exclusions
- Tenants Belongings, Air Conditioning Window Units
Schools
Elementary
- Nicholson Catholic College (Grade 7 & 8)0.7 km
Catholic · Algonquin and Lakeshore CDSB · 135 students
- Easthill Elementary School0.7 km
Public · Hastings & Prince Edward DSB · 505 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 27% met the provincial standard
- St Michael Catholic School1 km
Catholic · Algonquin and Lakeshore CDSB · 560 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 27% met the provincial standard
Secondary
- Nicholson Catholic College1 km
Catholic · Algonquin and Lakeshore CDSB · 490 students
Grade 10 literacy: 87% met the provincial standard
- Eastside Secondary School1.6 km
Public · Hastings & Prince Edward DSB · 985 students
Grade 10 literacy: 69% met the provincial standard
- St Theresa Catholic Secondary School2.5 km
Catholic · Algonquin and Lakeshore CDSB · 775 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K8N
- Population
- 30,393
- Private dwellings
- 13,782
- Median age
- 48
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Belleville · last 12 months
- Median sold price
- $505,000
- Homes sold
- 757
- Median days on market
- 32
- Sale-to-list price
- 97.3%
Based on 757 recorded sales of residential freehold properties in Belleville over the last 12 months.
Listed by
Re/Max Quinte Ltd.
Location
Mortgage Calculator
$338,000
Estimated Monthly Payment
$8,302
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,302/mo (20% down, 5.5%)
Taxes: $1,670/mo · Insurance: $423/mo
Estimates only. Consult a financial advisor.
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