Who’s looking for a profitable property?
Welcome to Belleville’s historic Old East Hill—a charming, tree-lined neighbourhood just minutes from the waterfront and downtown core. This 2-storey detached home sits on an oversized 66’ x 132’ lot and offers 1,500 sq ft of living space, a garage + 4-car parking, and solid bones. Whether you’re a flipper looking for a value-add opportunity or an end user who doesn’t mind a little elbow grease, this one offers serious upside.
How can you profit?
- Fix & Flip – Add value through cosmetic updates and resell at top market price. Buy for $350k, update cosmetically, and sell around $600k.
- Hold & Rent – A bit of time with the ozone machine would make it rent-ready. Rents would near $3k/month with such a big yard and lots of storage space in basement and garage!
- Garden Suite Potential – the lot is wide and deep, and the house is tucked nicely into the front corner of the lot. How much more value would an ADU add? Explore repurposing the existing detached garage or building elsewhere on the lot.
SUMMARY:
– LOCATION: Belleville, ON (Victoria Ave between Pinnacle St & MacDonald Ave)
– PURCHASE PRICE: $350,000 Or Best Offer
– AFTER REPAIR VALUE: Around $600k
– CLOSING: August 8, 2025 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4 Beds/1.5 Baths
– PARKING: 1-car detached garage + 4-car driveway (single lane)
– BASEMENT: Unfinished, low ceilings (5-6 feet)
– SQFT: 1,500
– LOT: 66’ x 132’
– AGE: 1912
– PROPERTY TAX: $3,169 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Lots of expensive updates already done! Already new: metal roofs on house and garage, most windows, doors, furnace, hot water tank, sump pump, eavestroughs, insulation, deck, and fence!
– Cosmetic updates still required to kitchen, bathrooms, flooring, and paint throughout.
– Smoke smell present due to seller smoking indoors.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great garden suite potential! The lot is large and the current house was built in an ideal location on the property.
– Solid bones + many major upgrades already done
– Basement offers clean, dry storage but low ceilings (5–6 ft)—dig-down possible for expansion.
LISTING ID: 0425-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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?