Home with brick exterior material, street for 7 Ritchie Ave, Belleville Ontario K8P 3V8
4 days on Market

7 Ritchie Ave, Belleville, Ontario K8P 3V8

Townhouse
5
2
~1500-2000 sqft
$449,900
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Townhouse
5
2
~1500-2000 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$262/sqft

Monthly cost

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Description

ATTENTION ALL INVESTORS AND FIRST TIME HOME BUYERS!!!!! This turn-key duplex is an ideal opportunity for investors or first-time home buyers looking to generate income while building equity. The main floor offers a bright two-bedroom, one-bath unit with a spacious living area that opens to a large deck and a deep backyard. Perfect for entertaining or relaxing outdoors. Upstairs, the three-bedroom, one-bath unit has been recently renovated with a new countertop and backsplash, fresh paint throughout, and numerous other updates. For buyers wanting to offset their mortgage, you could live in one unit and rent the other; investors can place their own tenant in the vacant upper unit. The basement level provides valuable storage space and a shared laundry area for both tenants. Recent upgrades including a five-year-old roof and a one-year-old furnace mean peace of mind with no major expenses on the horizon. Under Belleville's new housing initiatives the large detached double garage has the potential to be turned into an additional dwelling unit. ****The rent is currently $1319.18 for the lower unit. The tenants pay their own hydro and it is separately metered. The main floor tenant maintains the grass and the snow removal as part of their rent. Landlord pays gas($2,048.39) and water ($1,974.60)*****


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size5,188 SqFt(115 x 45.12)
Parking Spaces4
MLS ®NumberX12438206
Community NameBelleville
Data SourceTRREB
Listing byRE/MAX QUINTE LTD.

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Unfinished

Main Floor

Living

5.77 x 3.98

2nd Br

2.96 x 4.06

Kitchen

3.69 x 3.04

Bathroom

1.56 x 1.75

4 Pc Bath


Features

Lot size: 5,188 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 2

Total parking spaces 4


Property listed by RE/MAX QUINTE LTD., Brokerage
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Market Data - Belleville

Geo Zone Map ThumbnailBelleville

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

97 days

Compared to

2024

31 days

2023

45 days

2022

42 days

New Listings

Past 30 days

22 listings

Compared to

2024

30 listings

2023

15 listings

2022

15 listings

Units sold

Past 30 days

8 units

Compared to

2024

7 units

2023

3 units

2022

8 units

Median Sold Price

Past 30 days

$530,000

Compared to

2024

$549,900

2023

$649,900

2022

$550,000


Population and Demographics

Overview

Total population 53311
Average household income $105,206

Age (%)

0 to 19
20%
20 to 34
18%
35 to 49
17%
50 to 64
21%
65 and plus
24%

Household composition (%)

Single family
61%
Single person
33%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
93%
Others
4%
French
2%

House tenancy (%)

Owners
62%
Renters
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget