19 & 21 Railway Terrace, Belleville, ON
Property Highlights
Welcome to this remarkable vacant land 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 $199,900 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 47.6 x 111.19 ft lot size
- 6.0 total parking spaces available
- Notable attributes: None
Description
Looking for the ideal spot for your next multi-family development? This 47.6' x 111' corner lot in Belleville's East end is a prime opportunity. Situated in a community with strong rental demand, this property offers the perfect setting for an investment build or custom home. The existing red brick duplex (footprint of 1,500sqft), damaged by fire, is ready for demolition, with utilities (Gas, Electrical, and Water) already disconnected. This lot is being sold in as is condition for land value only. Belleville's updated Zoning by-law, combined with Ontario's Bill 23, makes this an excellent time to capitalize on the growing demand for densification and multi-family construction. The driveway, conveniently located off the side street, maximizes lot space and parking potential. Only a 2-minute walk to the Via Rail station, a 5-minute drive to Highway 401, and conveniently located on a bus route, this property provides excellent access for commuters and Loyalist College students alike.
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Property Summary
This vacant land located at 19 & 21 Railway Terrace, Belleville is currently for sale and has been available on SousaSells for 645 days. This property is listed at $199,900 with an estimated mortgage of $665* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 19 & 21 Railway Terrace, Belleville is in the Belleville Ward neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 19 & 21 Railway Terrace, Belleville, ON K8N 2R8
Based on 0 recent similar sales in the pocket.
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 $199,900 in Belleville, the legal minimum down payment is $9,995 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 $1,724 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 $1,724.
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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.