45 Black Diamond Road
Belleville, ON
9 bath • approx. 700-1100 sqft • Multiplex • 17 days on market
Exceptional investment opportunity featuring nine detached residential rental units on one 2.74-acre parcel, conveniently located on Black Diamond Road just minutes from Highway 401. Fully rented and family owned since 1978, this established income-producing property is serviced by municipal water, municipal sewer and natural gas. The unit mix includes six 2-bedroom homes, two 3-bedroom homes and one 1-bedroom home, with many of the units having received updates over the years. Capital improvements include five newer furnaces and nine separate 100-amp electrical panels. The property also includes a detached 2.5-car garage and a detached single-car garage, providing additional storage and functionality. Frontage on two separate roads offers convenient access and added flexibility. One tenant currently manages snow removal and lawn maintenance, helping to reduce operating expenses. Ideally suited to investors seeking to expand their portfolio or multi-generational families looking for separate residences on one property, this unique offering provides established rental income, long-term potential and convenient access to major routes, amenities and services. Properties of this size and configuration are rarely available.
Listing Details
- Taxes (2025)
- $12,504
- Listed
- August 10, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- None
- Lot Size
- 608.65 x 480.44 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Cannifton Road / Black Diamond Road
- Parcel Number
- 404330117
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- None
- Exclusions
- Appliances
- Rental Items
- Hot water tank
Schools
Secondary
- St Theresa Catholic Secondary School1.1 km
Catholic · Algonquin and Lakeshore CDSB · 775 students
Grade 10 literacy: 84% met the provincial standard
- Nicholson Catholic College3.4 km
Catholic · Algonquin and Lakeshore CDSB · 490 students
Grade 10 literacy: 87% met the provincial standard
- Eastside Secondary School3.9 km
Public · Hastings & Prince Edward DSB · 985 students
Grade 10 literacy: 69% met the provincial standard
Elementary
- Georges Vanier Catholic School1.9 km
Catholic · Algonquin and Lakeshore CDSB · 310 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 26% met the provincial standard
- Prince of Wales Public School2.1 km
Public · Hastings & Prince Edward DSB · 320 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 20% met the provincial standard
- Holy Rosary Catholic School2.3 km
Catholic · Algonquin and Lakeshore CDSB · 250 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 28% 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
Royal Lepage Proalliance Realty
Location
Mortgage Calculator
$399,800
Estimated Monthly Payment
$9,820
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,820/mo (20% down, 5.5%)
Taxes: $1,042/mo · Insurance: $500/mo
Estimates only. Consult a financial advisor.
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