356 Coleman Street, Belleville, ON K8P 3J4

Description

MID-RISE DEVELOPMENT OPPORTUNITY 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 permitting a wide range of mixed-use development opportunities including commercial at grade with residential above. Proposed highest and best use concept consists of a mid-rise mixed-use building with ground floor commercial and approximately 33 residential units above, with potential for boutique retail, café, wellness, office, brewery, event space and other permitted uses. Alternative potential developments include commercial office building or medical building use. 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. Inquire for details and full zoning package.

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