Who’s looking for a profitable property?
Attention Landlords, Real Estate Agents, and DIY Buyers! This is a rare opportunity for a detached house in Belleville for under 250k. Although cosmetic improvements are needed, the house has excellent bones. Roof, plumbing, and electrical have all been upgraded by the current owner. Minor renovations would have this home move-in ready and cash flow positive! Proximity to Loyalist College makes student rentals easy. There’s also significant upside potential due to the large lot and R4 zoning creating the opportunity for ADU, or even a multi-unit new build. Multiple exit paths remain open.
How can you profit?
1)Value-Add Rental / Buy and Hold – Renovate to rental-ready and hold. Estimated rent after updates: $2,200-$2,400/month for a 3 bed detached would have this property cash flow positive.
2) Student Rentals – proximity to Loyalist College makes an easy commute for students. Loyalist recommends students budget $700-$1200 / month for a room rental in a shared house in Belleville. Potentially justifying even higher rents!
2) BRRRR – Buy below market, renovate, rent, then refinance based on the improved value.
3) Future ADU / Multi Unit Potential – The 59’ x 153’ lot keeps long-term density options on the table. Already zoned R4. (buyer to verify with the municipality).
SUMMARY:
– LOCATION: Belleville, ON (Moira St W & Pinnacle St)
– PURCHASE PRICE: $229,900 or Best Offer
– AFTER REPAIR VALUE: Over $300k
– CLOSING: February 2, 2026 (If you need a longer close let us know! This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 beds/1 bath
– PARKING: Driveway parking (approx. 4 cars), no garage
– BASEMENT: Crawl Space
– SQFT: 1,033
– LOT: 59’ x 153’ (R4 Zoning and ADU-sized lot supports future garden suite potential or multi-unit new build, buyer to verify)
– AGE: 1940
– PROPERTY TAX: $2,530 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic renovations throughout (kitchen, baths, flooring, paint)
– Currently baseboard heat. Consider upgrading HVAC
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Low entry price at $229,900 OBO for a detached
– Large 59’ x 153’ lot (ADU-sized for future garden suite consideration, buyer to verify)
– R4 Zoning
– 1,033 sq ft layout, 3 bedrooms, strong rental end product after updates
– Significant updates to the bones of the house already complete
– Estimated rent after updates: $2,200-$2,400/month
– Driveway parking for multiple vehicles (no garage to maintain)
LISTING ID: 0126-BEL-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard, Sarah Budden & Tobias King
647-557-5979 Phone line down temporarily. Please call us temporarily at 647-360-9636.
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PS. Email us today for your info package. Who wants to make money on this one?