421 DUNDAS Street, 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 $1,899,000 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
- Generous living space spanning < 700 sqft on a premium 109.55 x 296.62 ft lot
- Notable attributes: Other
Description
42 UNIT MULTI STOREY WATERVIEW DEVELOPMENT SITE FOR SALE!!! This Development site is zoned for a 42 unit 5 story building with one level of underground parking. Current floor plans have the fifth story stepped back from the road (mandated by the zoning) with four large penthouse units. The first four floors are a mix of large one and two bedroom units with the majority of large two bedrooms units on the water view side and upper floors, and the 1 bedroom units on the first floor and street side. A well known architectural firm has been contracted to complete all the drawings necessary for final site plan approval. A preliminary set is attached to the listing along with elevations, a final storm water study, geo technical investigation, and a noise and vibration study. A pro forma with comparable rents is forthcoming. The seller is a licensed realtor and the LA. The federal government has eliminated the GST on all new multi-unit construction and this site is eligible for low interest construction funding from the CMHC.
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Property Summary
This vacant land located at 421 DUNDAS Street, Belleville is currently for sale and has been available on SousaSells for 480 days. This property is listed at $1,899,000 with an estimated mortgage of $6,321* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 421 DUNDAS Street, 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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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 421 DUNDAS Street W, Belleville, ON K8P 1B6
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 $1,899,000 in Belleville, the legal minimum down payment is $379,800 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 $34,455 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 $34,455.
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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.