Overview

This lot in Belleville is for sale. It has been on the market 49 days, fresher than the Belleville average of 80 days.

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Description

This exceptional 12.5-acre development property offers a rare opportunity for residential growth in a highly desirable location, with frontage on both Bridge Street West and Marshall Road. The seller is open to providing a VTB at an attractive interest rate for qualified buyers! Currently zoned DC, the property has draft plan approval in place for 36 residential building lots, providing developers with the ability to move forward with a well-positioned project in an established and growing area. In addition to the approved phase, the lands offer significant future upside potential, with the possibility of expanding to approximately 68 residential lots, subject to future servicing capacity and municipal approvals. With strong access, dual road frontage, and long-term development potential, this property represents an outstanding investment opportunity for builders, developers, and investors seeking a scalable residential project in a strategic location. (id:66096)

Market Timing

Days on market

49d

Belleville (Belleville Ward) listings, avg age

80d

List price

$3.50M

Haho

This vacant land in Belleville (Belleville Ward) has been listed for 49 days, which is 31 days fresher than the city average of 80. Act while there is still low competition.

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Area context

Neighbourhood profile (K8N)

This home lists at $3,500,000, about 44.3× the local median household income of $79,000.

Carrying it typically needs a household income of about $683,673 (20% down, 25-yr amortization, stress-tested) — roughly 765% above the area median.

Median household income: $79,000
Population: 30,393
Median age: 48
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K8N)

$3,500,000

For sale

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Financing

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0 Bridge Street, Belleville (Belleville Ward) - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (K8N)

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