356 Coleman Street

Belleville Ward, Belleville · MLS® X13156556

1 sq ft · 1 sq ft lot · Land · Vacant Land · 156 days on market

listed by George Wang, eXp Realty

realtor's description

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.

property details

type: Land, Vacant Land
living area: 1 sq ft
lot: 1 sq ft
parking: 0
property tax: $6,469 / yr
days on market: 156
MLS®: X13156556

monthly cost

$4,678/mo

Mortgage $4,139 · Tax $539

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,139/ monthly

loan $760,000

25-year amortization

down payment20% · $190,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $481,718
cash to close: $190,000; down payment; transfer tax and fees not included
total paid: $1,241,718

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.