1/9356 COLEMAN STREET, Belleville (Belleville Ward)
356 COLEMAN STREET, Belleville (Belleville Ward), ON K8P3J4
$950,000 total
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Asset Class
Land
Size
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Building class
A
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
87%
Lot Size
0.728 ac
About this property
MULTI STORY DEVELOPMENT SITE FOR SALE 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, with permitted highest and best use of multi-story building with ground floor commercial and 33 residential units above. Alternative potential developments include commercial office building, medical building, long term care home or retirement home development. 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. Full zoning package available. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$41K
Annual cash flow
$-11K
Cash-on-cash
-4.00%
DSCR
0.78
Going-in cap
4.34%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
99,101
Households
36,594
Median income
$131,000
Median age
38.5
Daytime population
92,015
5-yr growth
4.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 356 COLEMAN STREET, Belleville (Belleville Ward).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.