$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
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
Estimated mortgage payment
$5,535 per month
- Principal and interest
- $5,535
- Property tax
- $826
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $271,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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