50 photos
45 Black Diamond Road, Belleville, ON K8N 0N6
Thurlow Ward · Belleville · K8N 0N6
$1,999,000
About this property
Exceptional investment opportunity featuring nine detached residential rental units on one 2.74-acre parcel, conveniently located on Black Diamond Road just minutes from Highway 401. Fully rented and family owned since 1978, this established income-producing property is serviced by municipal water, municipal sewer and natural gas. The unit mix includes six 2-bedroom homes, two 3-bedroom homes and one 1-bedroom home, with many of the units having received updates over the years. Capital improvements include five newer furnaces and nine separate 100-amp electrical panels. The property also includes a detached 2.5-car garage and a detached single-car garage, providing additional storage and functionality. Frontage on two separate roads offers convenient access and added flexibility. One tenant currently manages snow removal and lawn maintenance, helping to reduce operating expenses. Ideally suited to investors seeking to expand their portfolio or multi-generational families looking for separate residences on one property, this unique offering provides established rental income, long-term potential and convenient access to major routes, amenities and services. Properties of this size and configuration are rarely available.
Details
- Property type
- Multiplex · Residential Freehold
- Bedrooms
- 0
- Bathrooms
- 9
- Living area
- 700-1100 sq ft
- Lot
- 608.65 × 480.44 Feet
- Style
- Bungalow
- Heating
- Forced Air · Gas
- Cooling
- None
- Sewer / septic
- Sewer
- Basement
- Crawl Space
- Garage
- Detached
- Parking total
- 21.5
- Taxes
- $12,504 (2025)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$8,851
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of Royal Lepage Proalliance Realty. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.