421 Dundas St W Belleville, Ontario K8P 1B6
$2,100,000
30-42 UNIT MULTI STOREY WATERVIEW DEVELOPMENT SITE FOR SALE!!! This Development site has been zoned for a 30 unit 5 story building with one level of underground parking. A zoning by law change in Belleville that is pending will allow the addition of at least another 10 units, possibly more. Current floor plans have the fifth story stepped back from the road (mandated by the zoning) with two large penthouse units. The first four floors are a mix of large one and two bedroom units and the vast majority have water views of the Bay of Quinte. The Site plan is currently in process and the seller would accept an offer conditional upon final site plan approval and the addition of more units after the ZBL has come into affect. The seller is a licensed realtor and the LA. The federal government has eliminated the GST on all new multi-unit construction and this site is eligible for low interest construction funding from the CMHC. Please see the attached pro forma based on 30 units being**** EXTRAS **** constructed and funding being received from the RCFI program. The addition of more units would create a greater number of one bedroom units and fewer 2 bedrooms. (id:52603)
Property Details
| MLS® Number | X7297278 |
| Property Type | Vacant Land |
Building
Land
| Acreage | No |
| Size Irregular | 109.55 X 296.62 Ft |
| Size Total Text | 109.55 X 296.62 Ft|1/2 - 1.99 Acres |
Utilities
| Sewer | Installed |
| Natural Gas | Available |
| Electricity | Available |
| Cable | Available |
https://www.realtor.ca/real-estate/26277997/421-dundas-st-w-belleville
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November 14 2023 06:30:19
Durham Region Association of REALTORS®
RE/MAX Quinte Ltd.