Belleville Ward · K8P 1B6
$400,000
$178 / sq ft1 weeks on market
An exceptional investment opportunity, this fully occupied triplex features three distinct two-bedroom, one-bathroom suites. The two front ground-floor units benefit from exclusive basement access for extra storage, and each apartment is individually metered for complete utility independence, with tenants paying their own gas, hydro, and water. Every unit includes its own dedicated heating and hot water system, highlighted by a new gas furnace installed in Unit B in 2022 and well-maintained windows throughout. Situated on a surprisingly expansive lot with a large backyard, the property currently operates under grandfathered residential use but carries a flexible C3 commercial zoning - offering incredible long-term potential for future business conversion or strategic redevelopment. The monthly rents are as follows; in addition they pay their own heat, hydro, water etc. Unit: 465A - $784.50, Unit: 465B - $830.00, Unit: 466C - $758.50. There are no leases in place. They are all long-term, reliable tenants.
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This home is priced below most comparable listings — about 0% of comparable multi-unit / investment listings in Belleville Ward are asking less.
Based on 10 comparable active multi-unit / investment listings in Belleville Ward. These are asking prices, not sale prices.
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An estimate on the asking price of $400,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Exit Realty Group. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.