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City in Ontario

Multi-family homes for sale in Belleville

Name: HOMEH Market Pulse — Belleville closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 22 multi-family homes and income properties for sale in Belleville today, with a median asking price of $644,900 (+17% vs. all homes in Belleville). The most active neighbourhoods are Belleville Ward and Thurlow Ward.

suburban community-oriented

39,782 people lived in Belleville at the 2021 Census, in 17,385 households. 60% of households owned their home and 40% rented. The most common homes were single-detached houses (57%) and low-rise apartments (21%). 66% of homes were built before 1981, and 10% since 2011. 88% of commuters went to work by car and 3% by public transit.

Population: 50,716 Walkability score: 55

Belleville, Ontario

Income Properties for Sale in Belleville

Day to dayLivability

Walkability

out of 100 · averaged over 25,553 past and present listings

Average walk score reported on listings here

Schools near listings

out of 10 · averaged over 25,553 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$549,999

23% below Ontario

In Belleville

$549,999

In Ontario

$716,900

Median monthly rent

$2,300/mo

8% below Ontario

In Belleville

$2,300

In Ontario

$2,499

$389

Per square foot

≈ 19.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

334

Median $549,999

Houses 301 · Condos 32

For rent

Median $2,300

Houses 47 · Condos 8

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lower home prices than provincial average
Diverse housing options available
Strong community feel

Keep in mind

Limited amenities and services
Walkability score is average
Higher rental prices than provincial median

The feel of the placeLifestyle

Daily life in Belleville is quiet with a focus on community. It is suitable for those seeking a suburban feel.

Great for first-time buyers families those seeking affordable housing

The areaWhat's nearby

Parks

Restaurants

Counted across all 18.6 km² of Belleville. From OpenStreetMap, as of 2026-08-06.

The peopleWho lives here

39,782

Population (2021)

160 km²

Area

249

People per km²

46.2

Median age

$76,194

Median income

60%

Own their home

2.3

People per household

17,385

Households

Every age

Children (under 15)14.4%
Working age (15–64)60.9%
Seniors (65+)24.7%

What is built here

Detached houses56.5%
Semi-detached2.8%
Townhouses7.5%
Duplexes3%
Low-rise apartments20.7%
High-rise apartments8.6%
Other attached homes0.5%

Own or rent

60%Owners

40%Renters

Across 17,385 households

When it was built

Mostly 1960 or earlier

1960 or earlier33%
1961–198033%
1981–19909%
1991–20006%
2001–20054%
2006–20103%
2011–20153%
2016–20216%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

9.3%
Born outside Canada: 18.1%
Hold a degree or higher: 49%
Employment rate: 3.2%
Commute by transit: 87.5%
Commute by car: 1.7
Children per family: $67,676
Median income after tax: $89,767
Average household income: 12%
Living on a low income: $1,151/mo
Renters pay, per month: $1,141/mo
Owners pay, per month: $417,520
Median home value at census: 34.6%
Renters spending 30%+ of income on housing: 8.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 60 census areas around the listings we hold here. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Multiplexes only Through September 2026 Thin sales history — read the monthly counts

What multiplexes in Belleville actually rent for

At least 24 multiplexes were leased in Belleville over the 12 months to September 2026. Half leased above $1,894 and half below, 4.3% lower than the 12 months before. A typical multiplex found its tenant in 43 days — 8 days slower than a year ago.

1 of the last 12 months had at least 5 closed multiplexes sales in Belleville. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $1,894; -4.3% year over year
Days to lease: 43; 8 days slower
Leases closed: 24; last 12 months
Rent per square foot: $1.46/mo; from 16 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one multiplex here differs from the next.

$2,404$2,022$1,640$1,259

Jul ’24Feb ’25Dec ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 12.5%

From 24 leases that closed here in the last 12 months.

How fast it moves

Median days on market, month by month. Taller means slower.

Jul 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Belleville, rentals

Monthly closed leases in Belleville
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	6	$1,925	$1,731 – $1,988	27	100.0%
Jun 2026	5	$2,000	$1,960 – $2,300	20	100.0%
May 2026	7	$2,150	$1,780 – $2,300	87	100.0%
Dec 2025	6	$1,475	$1,338 – $1,763	26	100.0%
Aug 2025	7	$1,950	$1,775 – $2,138	40	100.0%
May 2025	6	$2,125	$2,096 – $2,184	41	100.0%
Apr 2025	5	$1,850	$1,800 – $1,900	56	100.0%
Feb 2025	5	$1,950	$1,500 – $1,990	14	97.7%
Jan 2025	5	$2,000	$1,995 – $2,195	20	100.0%
Aug 2024	11	$2,100	$1,763 – $2,300	32	100.0%
Jul 2024	6	$1,975	$1,475 – $2,325	21	100.0%

What people ask about Belleville

How much is rent for a multiplex in Belleville?

The median multiplex lease in Belleville closed at $1,894 a month over the 12 months to September 2026, across at least 24 leases.

Compiled by HOMEH from leases reported closed in Belleville on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one multiplex. Not an appraisal or an opinion of value.

Keep looking

More Homes for Sale in Belleville

334 homes are for sale in Belleville. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.

At a glance