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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Belleville Ward
MLS Listing ID X12034870
Annual Tax Amount $8,500
Tax Year 2024
Property Sub-Type Investment
Property Description
42 UNIT MULTI STOREY WATERVIEW DEVELOPMENT SITE FOR SALE!!! This Development site is zoned for a 42 unit 5 story building with one level of underground parking. Current floor plans have the fifth story stepped back from the road (mandated by the zoning) with four large penthouse units. The first four floors are a mix of large one and two bedroom units with the majority of large two bedrooms units on the water view side and upper floors, and the 1 bedroom units on the first floor and street side. A well known architectural firm has been contracted to complete all drawings necessary for final site plan approval. A preliminary set is attached to the listing along with elevations, a final storm water study, geo technical investigation, and a noise and vibration study. A pro forma with comparable rents is forthcoming. 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.
Location
Province ON
County Hastings
Community Belleville Ward
Area Hastings
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 109.55
Lot Depth 296.62
Building
New Construction false
Listed by RE/MAX QUINTE LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN