Belleville, ON - Rentals

[Kyle Albert]

Hi All, I'm looking for a little bit of insight. Is anyone on here familiar with the Belleville market? I'm looking to invest in preferably a small multi family or SFH if the numbers make sense. I was searching on the MLS and the Belleville prices are quite appealing. I just don't know if the rents hold up. Currently I'm looking into some newly built homes that are running anywhere between $220k to $290k for 2-3 bedroom SFH. I'm seeing rents posted for $850/mth for 1 bedroom apartments. So I'd have to believe a 3 bedroom SFH would rent somewhere in the $1400-1800/mth range. If anyone has any insight into the market or invests in Belleville themselves I'd love to hear more. Thanks, Kyle Albert