55 Queen Street, Belleville

$945,000
55 Queen Street

$945,000

New
3d
Detached2-Storey

55 Queen Street, Belleville

Total Monthly Obligation $4,733

Beds
4
Baths
2
Park
1
Sqft
2500-3000
DOM
3d
Score
15
Yield
3.2%
Cash on Cash
-10.8%
Cap Rate
2.3%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Detached
MLS® Number-X14099704
Beds-4
Bathrooms-2
Size-2500-3000 sqft
Lot Size-53 × 136 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$6,548.79 (2025)
Parking-2 - Carport
Basement-Unfinished
Heating-Radiant (Gas)
Brokerage-Royal LePage ProAlliance Realty
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block, Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Belleville Ward
Title-Residential Freehold

No agent assigned

Welcome to one of Old East Hill's most cherished streets. This stately two-storey red brick Victorian home stands proudly on beautiful, tree-lined Queen Street, across from the Corby Rose Garden. Enjoy views of one of Belleville's loveliest green spaces from the comfort of the side porch, where the charm of this historic neighbourhood unfolds right before you. Rich in character and century-old craftsmanship, this gracious home offers four bedrooms and two bathrooms, providing ample space for family living, welcoming guests, or creating a dedicated home office. High ceilings, generous proportions, and timeless period details reflect the quality of a bygone era, while the versatile layout lends itself beautifully to modern living. Lovingly restored and meticulously maintained, this home is a testament to the care and appreciation of its heritage. Intricate inlaid hardwood floors, elegant crown mouldings, and graceful corniced archways are just some of the exquisite details that set this home apart. Every element speaks to a commitment to preserving its original character, offering a rare opportunity to own a century home whose craftsmanship and charm have been thoughtfully cherished over the years.Step outside and discover the enduring appeal of Old East Hill, where mature trees, distinguished heritage architecture, and peaceful residential streets create a neighbourhood unlike any other. Just minutes from downtown Belleville's shops, restaurants, and waterfront, this coveted location offers the perfect blend of historic charm and everyday convenience.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$756,000
Land Transfer Taxes$15,375
Legal Fees (Est.)
$
Total cash required for closing$205,875

Total Monthly Obligation

$4,733/mo
Mortgage $3,812
Monthly Loss $3,730
Principal$1,003
Interest$2,809
Property Tax$546
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.6%0
5-Year IRR
4.2%9
10-Year IRR
6.2%
Returns Index
5.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$30,228/yr
NOI
$16,156/yr
Net Cash Flow
-$2,466/mo
Cash Margin
-97.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
17.6/ 100

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

Comparables

Properties near 55 Queen Street

Time

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