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18 W College Street Belleville, Ontario K8P 2G2

None No Heat

$4,950,000

FOR SALE : Prime SHOVEL READY development site to be known as Midtown Condos located beside Quinte Gardens Retirement Home. This BUILDING PERMIT READY opportunity is approximately 1.5 acres zoned R7-9, with an APPROVED SITE PLAN for a 6-storey 95-unit residential apartment building. The Seller has arranged for CMHC APPROVED construction and TAKE-OUT financing and the Seller will consider a Joint Venture. Building plans are for a total rentable building area of approximately 95,000 sf based on: 14 studio apartments, 48-1 bedroom apartments, and 33-2 bedroom apartments. The Site plan shows parking to be 25 spaces aboveground and 85 spaces underground. Asking price includes all building drawings, stamped by an engineer (Alexander Wilson Architect Inc.). Drawings include: mechanical, structural, landscape, civil, architectural, and electrical. Also available for the buyer’s consideration, the seller has established contract pricing for building and construction materials including structural Design, fabrication, and Erection. (id:41614)

Property Details

MLS® Number 40305512
Property Type Multi-family
Parking Space Total 110

Building

Basement Type None
Cooling Type None
Exterior Finish Other
Fire Protection None
Foundation Type None
Heating Type No Heat
Stories Total 6
Utility Water Municipal Water

Parking

Underground

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 214 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R7-9

https://www.realtor.ca/real-estate/24742486/18-w-college-street-belleville

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