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$1,100,000
Belleville
205 Charles Street, Belleville (Belleville Ward), Ontario, K8N3M3
This multi-family property in Belleville is for sale offering roughly 4,250 sq ft of space.
ATTENTION INVESTORS - 5-PLEX IN BELLEVILLE'S OLD EAST HILL! A unique investment opportunity awaits on historic Charles Street in Belleville's sought-after Old East Hill neighbourhood. This fully tenanted 5-plex consists of a fully renovated two-storey, semi-detached 2-bedroom + den unit, renovated approximately five years ago, along with four 1-bedroom apartments. With over $60,000 in recent improvements, this meticulously cared-for property offers an attractive combination of character, functionality, and established rental income.Steeped in history, the property showcases the architectural charm of a century home while incorporating modern conveniences. With five residential units and coin-operated laundry on-site, the property provides practical amenities for tenants and a compelling opportunity for investors.Located in the heart of Old East Hill, residents are surrounded by mature streetscapes, established neighbourhoods, local amenities, and the character that makes this part of Belleville so desirable.Whether you're an experienced investor looking to expand your portfolio or exploring your first multi-residential acquisition, 205 Charles Street offers the opportunity to own a piece of Belleville history while investing in a well-maintained, fully tenanted 5-unit property. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 83 days on market, against an average age of 80 days across the listings currently for sale in this city
This 6-bed multi-family in Belleville (Belleville Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,100,000, about 13.9× the local median household income of $79,000.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 172% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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