For Lease · Multifamily

A - 297 VICTORIA AVENUE, Belleville (Belleville Ward)

A - 297 VICTORIA AVENUE, Belleville (Belleville Ward), ON K8N2C9

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Welcome to this charming 2-bedroom, 1-bathroom main and upper-level unit for lease in the heart of Belleville's sought-after Old East Hill. This bright and inviting home features an updated kitchen with in-suite laundry, offering both style and convenience. Enjoy exclusive access to a fully fenced backyard with deck-perfect for relaxing or entertaining-as well as two designated parking spaces. Nestled in one of Belleville's most desirable neighbourhoods, you're just minutes from downtown, parks, schools, shopping, restaurants, and all essential amenities. A wonderful opportunity to enjoy comfortable living in a prime location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

66,561

Households

25,436

Median income

$124,500

Median age

37

Daytime population

91,590

5-yr growth

8.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for A - 297 VICTORIA AVENUE, Belleville (Belleville Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.