C$1,400,000

Future Residential Development Opportunity! Located at the North end of Belleville - one of Eastern Ontario's fastest growing cities. The site is 4 minutes from the 401. The property is 36 acres between Vermilyea Road and Sunningdale Drive, with approx. 1000 ft of lot frontage. Current zoning is RU. Once introduced to the urban serviced area, based only total lot size and official plan policies the following maximum unit counts are possible: low density = 364 units, medium density = 874 units, and high density = 1,676 units. There is an agreement in place with the development lands south-west of the subject property known as Settlers Ridge, to extend sewer water services to Sunningdale Drive (subject to a cost recover agreement, etc). City of Belleville currently considering expansion of the official plan due to the rapid growth and overwhelming demand for new homes in the region. (id:41202)