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Investment signal

$499,900

287 JOHN STREET

Save this home

Beds

2

Baths

3

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Belleville (Belleville Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

We love Old East Hill, and how could we not? Tree-lined streets, century architecture, and a location that puts you walking distance to downtown Belleville, Zwicks Park and the Bay of Quinte, schools, and QHC Belleville General. This is the kind of neighbourhood where the streets have character and the neighbours have history. Highway 401 and CFB Trenton are a short drive when you need them.This beauty was built in 1915 and over the years has been updated where it counts. Since the last time this property was on the market, the owners completed the work that serious buyers always ask about: electrical update, plumbing update, basement floor and walls redone, new roofing on the front addition, and a fresh repaint throughout. That is on top of the numerous upgrades already in place. The big stuff is handled.The main unit is generous and full of the character you just cannot build new. Formal living and dining with fireplace, a large bright kitchen, family room, spacious office, rec room, and main floor laundry. Then upstairs the primary suite stops you in your tracks. Vaulted ceilings, gas fireplace, hot tub, and a 5-piece ensuite. It lives like a private retreat.The upper apartment is clean, bright, and fully self-contained. Open living and dining, full kitchen, 4-piece bath, and a large top floor bedroom with its own private feel. The current tenant is excellent and open to staying. That is not just a bonus, that is cash flow from day one.Step outside and the exterior matches the interior energy. Solid brick, metal roof, a porch worth sitting on, a patio worth using, a detached garage, and six parking spaces. Low maintenance on the outside so you can actually enjoy it.Gas hot water heat and R4 zoning round it out nicely. This is an investment in a neighbourhood, a lifestyle, and a property that has been cared for. Live in one unit and let the other carry its weight. Quick closing possible. This one is ready when you are. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Belleville Ward
Lot dimensions
34 x 132 FT
Bedrooms
2 above grade
Parking
6 total
Stories
3
Fireplace
1
On market
Apr 21, 2026
Status changed
Apr 22, 2026
Annual tax
$3,864 (2025)
Zoning
R4
Photos
38
MLS#
X13025626
Area
BELLEVILLE_(BELLEVILLE_WARD)

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryerWater Heater

Cooling

None

Exterior

BrickVinyl siding

Foundation

Stone

Lot

Irregular lot sizePaved yard
Negative cash flow ~$585/mo at these assumptions

Cash on cash

-7.03%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,116

Financing

Down payment$99,980
Loan amount$399,920
Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229
Insurance$80
Maintenance$417
CapEx reserve$208
Vacancy loss$125

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,026/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.

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