Gurvinder Nokwal REALTOR®
For Sale Multiplex 58 days on market

$1,250,000

Est. payment $5,535/moCalculate yours

221 Albert Street, Belleville, ON K8N 3N6

Belleville Ward, Belleville, ON K8N 3N6

  • 5 Beds
  • 5 Baths
  • 3 Garage
  • 5,000 Sq Ft
Map

Listing courtesy of Re/Max Quinte Ltd. MLS® X13701732

About this home

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.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
New
Size
5,000 sqft

Interior

Bedrooms
5
Bathrooms
5
Kitchens
5
Basement
Unfinished, Full

Building & Systems

Heating
Baseboard (Electric)
Cooling
None
Exterior
Brick
Foundation
Stone
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
144 x 132 Feet
Parking
Detached garage · 23 total
Zoning
R 2

Financial

Property Taxes
$9,908 (2026)

Location

Neighbourhood
Belleville Ward
Cross Street
Bridge & Albert
Direction Faces
East

Listing

MLS® Number
X13701732
Days on Market
58
Listed On
2026-08-21
Possession
Flexible
Listed By
Re/Max Quinte Ltd.

Features

Interior

  • Other

Pool

  • None
Included
x 5 Fridge, x 5 Stove, x 1 Dishwasher, x 2 Washing Machines, x2 Dryers
Excluded
Tenants Belongings, Garage Contents
Rental items
x2 Hot Water Tank Rentals - Reliance & Enercare

Mortgage calculator

Minimum for this price: $100,000 (8%)

Amortization, years

Estimated mortgage payment

$5,535 per month

Principal and interest
$5,535
Property tax
$826
Estimated monthly cost
$6,360

Your mortgage

Mortgage amount
$1,000,000
Mortgage insurance
Not needed
Interest over 25 years
$660,419

Cash to close

Down payment
$250,000
Land transfer tax
$21,475
Total, before legal fees
$271,475
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

221 Albert Street, Belleville, ON K8N 3N6 Belleville Ward, Belleville, ON K8N 3N6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,250,000 221 Albert Street, Belleville, ON K8N 3N6
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