221 Albert Street
Belleville, ON
5 bed • 5 bath • approx. 5000 + sqft • Multiplex • 7 days on market
ATTENTION INVESTORS - 5-PLEX IN BELLEVILLE'S OLD EAST HILL WITH DETACHED GARAGE! An exceptional investment opportunity awaits on historic Albert Street in Belleville's highly sought-after Old East Hill neighbourhood. This meticulously cared-for, fully tenanted 5-plex offers the ideal combination of timeless character, functional living spaces, and the convenience of a multi-unit property in one of the city's most established communities. Steeped in history, this century home showcases the architectural charm and character of its era, thoughtfully complemented by modern conveniences. With ample parking and a large detached 3 car garage (built in 2024) offering the potential to add an additional unit above, or a stay at home office, subject to approvals, the property presents both immediate functionality and exciting future possibilities for investors. Located in the heart of Old East Hill, residents enjoy mature streetscapes, established neighbourhoods, local amenities, and convenient access to all that Belleville has to offer. The area's enduring appeal makes it a desirable location for tenants and a compelling choice for investors seeking a well-positioned multi-residential property. Roof reshingled in May 2021 and the main floor unit in 219 Albert has over $60 k in renovations done with high end finishes and a gas fireplace. owner has owned the building for 20 years. There is a detached garage as well and lots of paved parking. New paved driveways in 2024 and parking for 20 cars. Stable tenancy with many tenants living there for over 10 years.
Listing Details
- Taxes (2026)
- $9,908
- Listed
- August 21, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Other
- Lot Size
- 144 x 132 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Bridge & Albert
- Zoning
- R 2
- Parcel Number
- 405010099
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- x 5 Fridge, x 5 Stove, x 1 Dishwasher, x 2 Washing Machines, x2 Dryers
- Exclusions
- Tenants Belongings, Garage Contents
- Rental Items
- x2 Hot Water Tank Rentals - Reliance & Enercare
Schools
Elementary
- St Michael Catholic School0.6 km
Catholic · Algonquin and Lakeshore CDSB · 560 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 27% met the provincial standard
- Nicholson Catholic College (Grade 7 & 8)0.7 km
Catholic · Algonquin and Lakeshore CDSB · 135 students
- Easthill Elementary School0.8 km
Public · Hastings & Prince Edward DSB · 505 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 27% met the provincial standard
Secondary
- Nicholson Catholic College0.7 km
Catholic · Algonquin and Lakeshore CDSB · 490 students
Grade 10 literacy: 87% met the provincial standard
- Eastside Secondary School2 km
Public · Hastings & Prince Edward DSB · 985 students
Grade 10 literacy: 69% met the provincial standard
- Centennial Secondary School2.7 km
Public · Hastings & Prince Edward DSB · 930 students
Grade 10 literacy: 81% 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
- 755
- Median days on market
- 32
- Sale-to-list price
- 97.2%
Based on 755 recorded sales of residential freehold properties in Belleville over the last 12 months.
Listed by
Re/Max Quinte Ltd.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$250,000
Estimated Monthly Payment
$6,141
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,141/mo (20% down, 5.5%)
Taxes: $826/mo · Insurance: $313/mo
Estimates only. Consult a financial advisor.
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