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$ 449,900
Est. payment /mo
New
485 Sidney ST Belleville, ON K8P 4A3
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Belleville Ward
MLS Listing ID X12517028
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,361
Tax Year 2025
Property Sub-Type Detached
Property Description
ATTENTION INVESTORS AND DEVELOPERS!!!! Prime 6-Unit Infill Development Opportunity! Exceptional opportunity to develop a 6-unit multi-residential building in a high demand, established neighbourhood. This property offers the ideal combination of location, approval readiness, and investment potential. A minor variance has been approved by the City, allowing for a 3.5-metre side yard setback, maximizing the buildable envelope and streamlining the path to construction. The approved building envelope is attached, providing a clear framework for design and permitting. Currently rented for $2,250 per month, the property carries itself while you complete design and permitting, making it an excellent buy-and-hold development opportunity. Investors and developers can also take advantage of the CMHC MLI Select program, offering favourable financing terms, higher loan to value ratios, and extended amortizations for qualifying projects. Situated in a prime infill location close to amenities, schools, and transit, this site presents an outstanding opportunity to deliver modern, efficient housing in a thriving community. Build your next profitable multi-unit project with confidence! All the groundwork has already been done for you! *** 3 Bedrooms missing in the iguide due to tenants***
Location
State ON
County Hastings
Community Belleville Ward
Area Hastings
Zoning R2
Rooms
Family Room No
Basement Unfinished
Kitchen 1
Interior
Interior Features None
Cooling None
Exterior
Parking Features Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 74.2
Lot Depth 150.16
Total Parking Spaces 5
Building
Building Age 100+
Foundation Stone
Others
Senior Community No
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/485_sidney_st_belleville_on/
Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.