485 SIDNEY STREET, Belleville (Belleville Ward), Ontario, K8P 4A3

$449,900

MLS® # X12517028

House For Sale In Belleville (Belleville Ward), Ontario

$449,900

  • 4

    Bedrooms

  • 2

    Baths

  • 74.2 x 150.2 FT

    Lot Size

Property Information:

ATTENTION INVESTORS AND DEVELOPERS!!!! Prime 6-Unit Infill Development Opportunity! Exceptional opportunity to develop a 6-unit multi-residential building in a high demand, established neighbourhood. This property offers the ideal combination of location, approval readiness, and investment potential. A minor variance has been approved by the City, allowing for a 3.5-metre side yard setback, maximizing the buildable envelope and streamlining the path to construction. The approved building envelope is attached, providing a clear framework for design and permitting. Currently rented for $2,250 per month, the property carries itself while you complete design and permitting, making it an excellent buy-and-hold development opportunity. Investors and developers can also take advantage of the CMHC MLI Select program, offering favourable financing terms, higher loan to value ratios, and extended amortizations for qualifying projects. Situated in a prime infill location close to amenities, schools, and transit, this site presents an outstanding opportunity to deliver modern, efficient housing in a thriving community. Build your next profitable multi-unit project with confidence! All the groundwork has already been done for you! *** 3 Bedrooms missing in the iguide due to tenants*** (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Construction Style - Attachment: Detached
  • Exterior Finish: Stucco
  • Fireplace: Yes
  • Floor Space: 700 - 1100 sqft
  • Flooring Type: Laminate
  • Foundation Type: Stone
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 2
  • Half Bathrooms: 1
  • Amenities Nearby: Hospital, Schools
  • Community Features: School Bus
  • Features: Level lot
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 150.2 Feet
  • Lot Frontage: 74.2 Feet
  • Lot Size: 74.2 x 150.2 FT
  • Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Rooms:

  • Primary Bedroom 2nd Level 3.47 m x 3.89 m
  • Bedroom 2nd Level 3.52 m x 3.27 m
  • Kitchen Main Level 3.25 m x 3.88 m
  • Dining Main Level 5.84 m x 3.70 m
  • Living Main Level 3.94 m x 5.75 m

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos