112 College Street, Belleville, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Belleville Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $749,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 93 x 186 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Prime Commercial Opportunity in the Heart of Belleville! Welcome to 112 College Street West, a highly visible, 2500 SF freehold commercial property ideally located in one of Belleville's most accessible corridors. AND Dry cleaning business included in the sale. Situated on a 0.38-acre lot with approximately 93 feet of frontage and excellent southern exposure, this one-storey retail building offers versatility for a wide range of business or investment uses. Currently home to a well-established dry-cleaning operation, the site provides exceptional potential for owner-operators, investors, or entrepreneurs seeking a turnkey opportunity. The dry-cleaning business itself is also available for purchase, creating a rare chance to acquire both the real estate and a proven, income-generating operation under one roof. The property is zoned RH (Residential Holding) with commercial use permissions and features a private on-site parking area, terrific exposure, ease of access, lots of parking and proximity to major arteries and surrounding residential neighbourhoods. Its central location allows for convenient access to downtown Belleville, the 401, and the growing west-end commercial district. With comparable area sales demonstrating strong commercial values and continued local economic growth, 112 College Street West represents a solid investment with immediate income potential or redevelopment upside
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Pricing & Value Insights
Data-driven valuation for 112 College Street W, Belleville, ON K8P 2G5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Belleville, ON
For a property listed at $749,900 in Belleville, the legal minimum down payment is $49,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,473 for this transaction. As this listing is in Belleville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.