20-22 Charlotte Street
Belleville Ward, Belleville, K8P 1E2
FOR SALE
$749,900

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8
BEDROOMS4
BATHROOMS4
KITCHENS24
ROOMSX13115282
MLSIDContact Us
Property Description
Cash-flowing 4-plex generating over $6,200/month in income with separate hydro and heat meters for each unit, plus additional revenue from coin laundry. All four units offer 2 bedrooms, 1 bathroom, separate entrances, and updated finishes, making this a turnkey opportunity for investors seeking strong returns. Situated on a massive 94 x 111 lot with flexible R2 zoning permitting uses such as 4-unit dwellings, stacked townhouses and low-rise apartments, this property also offers excellent long-term development potential. The large parking area accommodates plenty of tenant vehicles, while the central Belleville location places you just minutes from downtown, Giant Tiger, Shoppers Drug Mart, Albert College, Loyalist College, and Zwick's Park. Ideal for investors, multi-generational families, or buyers looking to offset their mortgage with substantial rental income.
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Property Features
Public Transit, Place Of Worship, School, School Bus Route, Library, Separate Hydro Meter, Primary Bedroom - Main Floor, In-Law Capability, In-Law Suite, Accessory Apartment, Separate Heating Controls
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Property Details
Address
20-22 Charlotte Street
Community
City
Postal Code
K8P 1E2
Property Type
Fourplex, Fourplex
Lot Size
94' x 111'
Taxes
$4,443 (2025
Basement
Crawl Space, Unfinished
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Exp Realty
Income producing purpose built fourplex in an established neighbourhood. Good Tenants, well maintained, solid building. Three 2 bedroom units, one 1 bedroom with den. Unit #2 renovated extensively in 2025. Sprinklers and fire alarm panel installed last 5 years and recently inspected. Two Natural gas forced air furnaces(replaced in 2017 and 2020) and two central air units. Previous owner had the west side of the roof done in 2011 and current owner replaced the remaining roof in 2013. Windows were all replaced in 2015. Additional income from laundry. $52,758 net income.
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