179 Herchimer Avenue 10, Belleville

$319,900
179 Herchimer Avenue 10

$319,900

New
16d
Condo ApartmentApartment

179 Herchimer Avenue 10, Belleville

Total Monthly Obligation $2,573

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
16d
Score
33
Yield
11.2%
Cash on Cash
9.6%
Cap Rate
6.7%
5Y IRR
23.4%
10Y IRR
21.1%
Property Type-Condo Apartment
MLS® Number-X13873076
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,289.11 (2026)
Maintenance-$808.37/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-Royal Lepage ProAlliance Realty
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Flexible
Neighbourhood-Belleville Ward
Title-Residential Condo & Other

No agent assigned

Welcome to a different kind of condo lifestyle at Cedarwood Condominium in Belleville's desirable east end. Tucked away in a quiet, established condominium community, this beautifully maintained upper-level unit offers the ease of condo living without giving up space, privacy or comfort. Ideal for professionals, couples, first-time buyers or anyone looking for a move-in-ready home where the grass is cut and the snow is taken care of for you. Inside, you'll find a bright, open-concept layout with two bedrooms and two bathrooms, offering comfortable, easy living and plenty of room to make the space your own. A dedicated in-unit laundry room adds everyday convenience, and all appliances are included. The home has been thoughtfully cared for and improved over the years, with an extensive list of upgrades available, making this a truly move-in-ready opportunity. Two patio door accesses to the balcony provide wonderful outdoor living space overlooking the attractive grounds and offering views toward the condominium's inground pool - a great bonus for summer days and visiting family and friends. Convenient parking is located just steps from the unit. The upper-level entrance provides an added sense of privacy, and the existing chair lift offers additional accessibility if desired. If it isn't needed, it can be removed. Perhaps one of the best features is the location. You're tucked quietly away from the street, yet just minutes from shopping, pharmacies, everyday conveniences and Belleville's main routes. The current owner has enjoyed calling this condo home for an incredible 37 years - and once you see the setting, the space and the lifestyle, it's easy to understand why.

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%
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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$255,920
Land Transfer Taxes$3,274
Legal Fees (Est.)
$
Total cash required for closing$68,754

Total Monthly Obligation

$2,573/mo
Mortgage $1,290
Monthly Loss $2,233
Principal$340
Interest$951
Property Tax$274
Condo Fees$808
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.3%41
Cash-on-Cash
2.2%12
5-Year IRR
18.0%86
10-Year IRR
17.4%
Returns Index
47.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
33/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$35,952/yr
NOI
$16,967/yr
Net Cash Flow
$124/mo
Cash Margin
4.1%10
Cash Flow Index
10.2/ 100
Risk Profile
Weight: 20%
DSCR
1.1035
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
38.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 179 Herchimer Avenue 10

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.