For Sale

228 Dundas Street, Belleville, Ontario K8N 1E4

$18,500,000

228 Dundas Street, Belleville, Ontario K8N 1E4 is For Sale and has a listing price of 18,500,000. The property is located in the Belleville . It's been on the website for 15 Days.

  • Investment
    Property Type
  • MLS ID: X12252701
  • Office Name RE/MAX QUINTE LTD.
Property Description

Unlock a standout investment in Belleville’s bustling East End. This multi-unit property has a total of 66 units. There are currently 33 units rented to CMHA as well as office space. There are 30 units rented individually. (Rent Roll available). There are numerous common areas including a kitchen dining area and lounge areas. There are also coin operated laundry rooms on each level. At its core is a dependable not-for-profit organization, secured under a 10-year lease and occupying office space alongside 66 residential units providing stable, long-term cash flow. Belleville General Hospital has leased the back parking lot for employees of QHC starting in Sept 2025. A full-scale renovation in 2023 brought major system upgrades, including electrical, plumbing, and security infrastructure, while also enhancing interiors with sleek kitchenettes, contemporary bathrooms, and durable, stylish flooring throughout. The result? A fully modernized, low-maintenance property delivering robust monthly and annual income with minimal overhead. Set in a high-demand location, it benefits from excellent transit access, nearby amenities, and a strong local tenant base making it an ideal fit for investors seeking both immediate yield and long-term security. Belleville’s East End continues to grow as a vibrant, up-and-coming district, making this an ideal time to invest in a well-positioned asset with proven returns. Whether you’re expanding your portfolio or seeking a cornerstone investment, this property offers a compelling mix of performance, potential, and peace of mind. Opportunities like this don’t come often position yourself for success with a property that delivers on all fronts.

Property Details
  • MLS ID: X12252701
  • Price: $18,500,000
  • Lot Depth: N/A
  • Transaction Types: For Sale
  • Ref ID: X12252701
  • Year Built: N/A
  • Dir / Cross St: Dundas E/Bleecker
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
06/30/2025 X12252701 $18,500,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Belleville
  • $734,205 Average List Price
    based on 1 year
  • 27 New Listings
    based on 30 days
  • 186 Median Days on Market
    based on 1 year
  • List vs. Selling Price 59.94 % Up
  • Sold (12mo) 386
  • Rented (12mo) 129

  • 1 Month Change -6.7%
  • 3 Month Change +17.7%
  • 6 Month Change +35.2%
Walkscore
Property Type Distribution
  • All Houses
    80.91%
  • All Houses/Commercial
    0.01%
  • Commercial
    10.59%
  • Condo
    7.89%
  • Land for Sale
    0.6%
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: $21,847
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 60 DAYS
  • Listing Entry Date: 30/06/2025 12:27:15
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