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New Condos Belleville
Why Should You Invest In Belleville Real Estate?
The city of Bellville is a picturesque waterside locale on the north shore of the Bay of Quinte at the mouth of the Moira River. It is ideally located between Toronto, Montreal, and Ottawa, making it the perfect home for those that want to be connected to employment hubs and industries across the country. That's not all, Bellville is situated an hour from the U.S. border. This prime location makes Belleville attractive to business owners, entrepreneurs, investors, and residents alike.
This city in the centre of it all is a popular tourist destination with a strong economy that has enjoyed continual growth for 230 years. Belleville's diverse economic activities include warehousing, food processing and the manufacturing of metals, plastics, packaging and car parts.
Printing, retail, and restaurants are also popular fields of employment. Furthermore, Belleville has a robust biotechnical industry. These employment opportunities lure professionals who are being pushed out by high prices from major cities such as Toronto, thereby contributing to Belleville's population growth. Belleville's economic diversity ensures a stable economy and a secure job market, promising eager tenets for years to come.
Not to mention, the City of Belleville was titled the fourth best community to live and work remotely in Canada by Maclean's magazine. With more and more work becoming remote, Canada's beautiful, affordable regions like Belleville will become more popular among young professionals as areas to settle down than expensive, polluted cities.
This delightful city offers a variety of stylish housing options that are the perfect blend of rural and urban. Homes range from Victorian houses, traditional detached homes, condominiums, waterfront estates, and retirement and student living opinions. In response to the increasing demand for housing in Belleville, many elegant condo projects are being developed. With so many choices, buyers and investors can find the best option for them.
The City of Belleville is being developed with growth in mind. Belleville greatly invests in its infrastructure and has optimized approval processes. Thus, this locale is the perfect choice for developers and investors looking to be part of a city's rapid growth.
Investing in real estate can be a daunting, nerve-wracking process, especially if it's your first time. Belleville's affordable prices make it an excellent choice for first-time investors. Seasoned investors looking to diversify their portfolio also benefit from investing in Belleville, especially considering the city's illustrious history, prime location, and growth potential. Invest now before this popular location's real estate market becomes hot.
Average Price for All Home Types in the City of Belleville
The average resale price for all home types, including condos, in the City of Belleville for 2022 is around $520,000 - up 43% compared to the previous year.
The average rental rate for Belleville is presently $1,200. This is in addition to a rental appreciation rate of 3.2% for the past 10 years. The demand for housing is still strong here as the vacancy rate currently sits at 1.6%.
The City of Belleville
Belleville provides a one-of-a-kind union of small-town charm and amenities fit for a metropolis. The city's bustling streets create a breathtaking contrast to the surrounding rural landscape. Here, locals can find a perfect work/life balance.
This waterfront community is known for its beauty. The region offers over 45 kilometres of well-groomed urban waterfront and nature trails where you can bike or take a casual stroll. There are also beaches, boating, and great fishing. In addition, Belleville boasts 500 well-maintained acres of parkland over 55 locations. Fun outdoor activities are available year-round.
No outdoor enthusiast would be able to resist living in this paradise. Professionals who want to trade the hustle and bustle of city nature for stunning vistas, young families looking to raise their children in a peaceful environment, and retirees looking to live out their retirement surrounded by beauty are all demographics eager to move to Belleville. Nature's beauty will never go out of fashion, meaning that buying real estate in Belleville is a surefire way to gain returns on your investments.
These fantastic natural features make Belleville a great tourist destination, attracting many small and big businesses and adding to its vibrant economy.
No matter where you are in the city, you will find charming shops with attractive goods. Belleville's Historic Downtown District is home to an assortment of stylish boutiques and restaurants situated predominantly in lovely 19th-century brick architecture. Restaurants also host live music of all genres.
Take a stroll through the downtown Gallery District to see gorgeous works by local artists and artisans. Belleville also hosts a variety of events and celebrations year-round. Young people looking to settle in a bustling neighbourhood cannot resist Belleville.
Go on a shopping spree at the Quinte Mall, the region's largest shopping mall. With over 125 stores and services at your disposal, it’s easy to find whatever you are looking for, from retail to restaurants. Stores at this mall include Toys“R”Us, American Eagle, Bluenotes, La Vie en Rose, and Old Navy, just to name a few.
Located in west Belleville, Loyalist College is one of Canada's top 50 research colleges and has over 4000 full-time students as well as thousands of part-time students. Loyalist College's Bay of Quinte Skills Centre is Southeastern Ontario's technology and trades training centre of choice. In addition, Queen's University and St. Lawrence College are within an hour's drive, making Belleville an ideal home for students.
The great educational opportunities in Belleville mean that investors will have a constant stream of students looking for a place to rent in the area.
Taking a stroll in Belleville feels like taking a walk through history, as the city has 33 pristine heritage sites, each with its architectural history preserved. One of the most famous is the Glanmore National Historic Site.
Built between 1882 to 1883 by a wealthy banker, it has been fully restored to its beautiful 1880s appearance with ornate woodwork, hand-painted ceilings, and reproductions of the original Wilton carpets. Museums in Belleville include the Hastings Regimental Museum and the Glanmore National Historic Site.
Belleville is the perfect place for healthy and active living. The Quinte Sports & Wellness Centre is a 330,000-square-foot modern recreational facility with four ice rinks, three swimming pools, a track, and a state-of-the-art gym. Spaces for leisure, community recreation, and social as well as cultural gatherings are also available.
The Pinnacle Theatre and Empire Theatre provide residents and visitors with magnificent professional performances year-round.
Belleville is a great place to retire. Not only does it have beautiful nature along with modern amenities, it is known for its stellar healthcare. Quinte Health Care provides a broad range of high-quality healthcare services through four hospitals that include Belleville General Hospital, the largest of the four and the main healthcare centre for the region. This hospital provides primary and secondary care as well as a range of support and diagnostic services. Moreover, Belleville provides special incentives through the wildly successful Doctor Recruitment Program to encourage more family physicians to work in the city. Retirees can enjoy everything Belleville has to offer knowing that their medical concerns will be addressed. Therefore, when choosing where to retire, Belleville is always a top pick.
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Accessibility / Getting Around
There are many exciting new things in the works for Belleville. One of the biggest is the expansion and revitalization of public transportation.
This city is home to the VIA Rail Belleville. Served by VIA Rail, this station is part of a passenger service that creates speedy, reliable connections to Canada's major cities. Moreover, this station now provides even faster transit thanks to the modern station facilities, new amenities, and increased speed of the rail service.
In addition, Belleville Transit is a convent bus service travelling to most urban areas in the city all seven days of the week. Bus stops, routes, and times have been meticulously planned to ensure effective travel for all passengers. Their buses not only run on regular routes, but also run on demand as well as on special event and trolley routes. A mobility bus service is also provided.
As part of Belleville's goal to modernize its public transportation, the city is expanding sidewalks that allow access to public transit and adding accessible bus stops and shelters.
As a bonus, Belleville Transit has an app that allows users to track their bus and see nearby options and departure times. Planning trips and navigating the city has never been easier.
Belleville sits along Highway 401, often referred to as Canada's Main Street. Stretching 828 kilometres from Windsor in the west to the Ontario–Quebec border in the east, this highway provides locals with a fast way to travel across the province.
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Questions & Answers
Should I Invest in Belleville?
Belleville is a steadily growing city with a robust economy and exquisite natural sights. It caters to young people looking for a place to raise their families, professionals looking to move out of congested cities, and people looking for a charming place to retire. Best of all, prices in Belleville are much lower than in cities such as Toronto, making it easier to dip your toes into its real estate market. Plus, its diverse economy and Loyalist College mean someone will always be looking to rent in this noteworthy locale.
What Are Some Spectacular Trails in Belleville?
Kiwanis Bayshore Recreational Trail that spans 2.7 kms along the north shore of the Bay of Quinte and has a children's playground, two boat launches along with a connection to the Meyers Pier marina.
Parrott Riverfront Recreational Trail is a 1.6 km trail that goes along the banks of the Moira River, touches Belleville's downtown, and is home to plenty of wildlife.
Riverside Park Recreational Trail spans 5.25 km along the Moria River, goes through Riverside Park, and goes under the Veteran's Memorial Bridge.
What's There to Do in Belleville?
There is always something fun in Belleville for all ages and demographics. Shop or go to a restaurant in Belleville's historic downtown area or take advantage of this city's state-of-the-art amenities and fitness equipment. Whether you would rather go to the mall or go fishing, this city has everything you are looking for.