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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Belleville
About 40 Elmwood Drive
Large, estate sized, building lot, very in city of Belleville just outside of Urban Area. Quite a rare find!4 acres in rural setting, with 300 ft frontage on city-maintained road. Ready for building permit application. Entrance culvert in place. Good existing well, with tested pure 0.0 quality water. And 10 Gal/min+, flow rate. Treed with natural terrain, undisturbed. Close to Bay of Quinte!
Belleville land priced at $385,000 — book a tour to see if it fits your search.
Inside 40 Elmwood Dr
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
40 Elmwood Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,891
/mo
based on the purchase price of $385,000
$77,000 cash
$308,000 financed
$259,417 total interest
Principal54%$308,000
Interest46%$259,417
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Book a tour of 40 Elmwood Dr with a licensed buyer's agent
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Zara · AI virtual agent
Ask about 40 Elmwood Dr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market40Homes sold in about 40 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings368Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 15 – Aug 13, 2026: prices down.
Based on 308 sales from Aug 13 – Nov 11, 2026 (244 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 40 Elmwood Dr
How much is 40 Elmwood Dr listed for?
40 Elmwood Dr is listed at $385,000 (MLS® X12413538). Summitly updates the price as soon as the MLS® record changes.
Has the price of 40 Elmwood Dr changed?
Yes — it was first listed at $395,000 and is now $385,000, a drop of $10,000 (2.5%).
How many bedrooms and bathrooms does 40 Elmwood Dr have?
The listing for 40 Elmwood Dr doesn't publish its bedroom and bathroom count. It is a lot in Belleville.
How much would the monthly mortgage be on 40 Elmwood Dr?
About $1,891 a month — principal and interest on $385,000 with 20% down ($77,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 40 Elmwood Dr compare with other homes in Belleville?
Its asking price of $385,000 is about 24% below the median sold price in Belleville over the last 90 days, $508,600, across 308 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 40 Elmwood Dr been sold before?
Summitly has no earlier MLS® sale or lease of 40 Elmwood Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Elmwood Dr?
40 Elmwood Dr is in Belleville, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Elmwood Dr been on the market?
419 days — 40 Elmwood Dr was listed on September 18, 2025.
What is the lot size of 40 Elmwood Dr?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 40 Elmwood Dr?
About $4,250 in Ontario land transfer tax at the asking price of $385,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 40 Elmwood Dr or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 40 Elmwood Dr?
The listing for 40 Elmwood Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Belleville.