Listed for:Listed Aug 21, 2026
$1,250,000

221 Albert Street

Belleville (Belleville Ward), ON K8N 3N6

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 221 Albert Street, Belleville, Belleville Ward

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 221 Albert Street, Belleville, Belleville Ward

Summarized Description

  • Exceptional investment opportunity in Belleville's Old East Hill.
  • Fully tenanted 5-plex with stable tenancy.
  • Detached garage with potential for additional unit.
  • Over $60k in high-end renovations completed.
  • Ample parking for up to 20 cars available.
  • Historic charm complemented by modern conveniences.
  • Established neighbourhood with local amenities nearby.
  • Architectural character enhances property appeal.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$9,908
Land Transfer Tax Fee
$21,475

Rental Items

Rental Equipment
x2 Hot Water Tank Rentals - Reliance & Enercare

Basement Type
Unfinished, Full

Interior Features

Interior Extras
Other
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
144.00 ft
Lot Depth
132.00 ft

Inclusions

Inclusions
x 5 Fridge, x 5 Stove, x 1 Dishwasher, x 2 Washing Machines, x2 Dryers

Exclusions

Exclusions
Tenants Belongings, Garage Contents

Parking & Garages

Garage Type
Detached
Garage Spaces
3
Parking Spaces
20
Total Garage And Parking Spaces
23

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
5
Washrooms
5
Kitchens
5

Washrooms

  • 4-piece
  • 3-piece

Municipality
Belleville
Neighbourhood
Belleville Ward
Main cross streets
Bridge & Albert
Zoning
R 2
Directions
East on Bridge St, North on Albert to 221

MLS® number
X13701732
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-21
Updated on
2026-08-21
Days on market
61 days
Possession type
Flexible
Co-op commission
2% + HST *See Remarks
Seller
Listed by
RE/MAX QUINTE LTD.

Home Market Value

Current home valuation for 221 Albert Street, Belleville, Belleville Ward, Belleville, ON. Listed for $1,250,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 221 Albert Street, Belleville, Belleville Ward

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Belleville, ON
Minimum Down Payment Required:8.0%

5% on first $500K + 10% on $750,000 over $500K

Minimum down payment

$100,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$46,000$34,875$29,750$0
=Total mortgage
$1,196,000$1,159,875$1,092,250$1,000,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,839monthly$5,663monthly$5,333monthly$4,883monthly
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Land Transfer Tax

Provincial

$21,475

Total Land Transfer Tax

$21,475

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