159-161 George Street, Belleville, ON K8N 3H1
$1,175,000
$1,175,000
MLS®#:
X13077330
Property Type:
Investment
Property Style:
Area:
Hastings
Community:
Belleville Ward
Taxes:
$8,690 / 2025
Added:
May 04 2026
Lot Frontage:
146
Lot Depth:
155
Status:
Active
Outside:
Year Built:
100+
Brokerage:
Re/Max Quinte Ltd.
Lot :

155

146

BIG LOT

Intersection:
Bridge St E/George St
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Gas Hot Water
Heating Fuel:

Listing Details

Here is a 6 unit multiplex on a large lot in the Old East Hill neighborhood. The building has undergone significant upgrades with new windows throughout the main building. There are 5 apartments in the main building and a 2 story carriage house in the rear. Each of the apartments has lots of character. The gas boiler is 12 years old and in good condition. Annual Revenue $91,226. Expenses taxes $9,824 hydro and water $9,824 Insurance $5454 maintenance estimated 7% $6,450.

Fridge & Stove in each unit

Insights

  1. **Strong Rental Potential**: The property features a 6-unit multiplex, providing multiple income streams for investors. The detached carriage house will be vacant soon, allowing for immediate rental opportunities or personal use.
  2. **Recent Upgrades**: Significant renovations have been made, including new windows throughout the main building, enhancing energy efficiency and reducing maintenance costs for the buyer.
  3. **Prime Location**: Situated in the desirable Old East Hill neighborhood of Belleville, the property benefits from a vibrant community atmosphere, making it attractive for potential tenants and increasing long-term value.

Neighborhood Overview

Complete neighborhood profile for 159-161 George Street

Belleville Ward home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Belleville Ward
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)