421 DUNDAS Street W

Belleville, Ontario

K8P1B6
1,999,000
Vacant Land
30 UNIT MULTI STOREY WATERVIEW DEVELOPMENT SITE FOR SALE!!! This Development site has been zoned for a 30 unit 5 storey building with one level of underground parking. Current floor plans have the fifth storey stepped back from the road (mandated by the zoning) with two large penthouse units with outdoor amenity space. The first four floors are a mix of large one and two bedroom units and the vast majority have water views of the Bay of Quinte. There is currently a huge demand in the Quinte area for high end condominium's to accommodate the large amount of retirees and transplants moving from the GTA. Preliminary projections show sales would total between 21-25 million dollars when all units were completed. The Site plan is currently in process and the seller would potentially work with a buyer on completing an altered site plan of their choosing prior to closing depending on terms. A rental building may also be built on this site. (id:6355)

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