Description

Listed by eXp Realty

MULTI STORY DEVELOPMENT SITE FOR SALE IN CENTRAL BELLEVILLE! Rare 0.728 acre mid-rise development opportunity in the heart of Belleville with over 200 ft of road frontage and MX-1 zoning, with permitted highest and best use of multi-story building with ground floor commercial and 33 residential units above. Alternative potential developments include commercial office building, medical building, long term care home or retirement home development. Exceptional opportunity for developers and investors to capitalize on the continued demand for housing and intensification within the city, with potential eligibility for attractive CMHC MLI Select government-backed financing programs offering up to 95% Loan-to-cost for qualifying projects. Centrally located just minutes to downtown Belleville, Belleville General Hospital, the waterfront, shopping, restaurants, and Highway 401. Rare opportunity to secure a large infill development site in one of Eastern Ontario's fastest growing markets. Full zoning package available.