340 Palmer Road Belleville, Ontario K8N 4Z2
$3,880,000
Development opportunity in 340 Palmer Rd, Belleville with R2 zoning in place permitting mid-rise residential development. The property is zoned to allow potentially a multi-building residential project consisting of 7 buildings, generally up to 4 storeys, with a maximum of 251 residential units and approximately 239 parking spaces. Total site area approximately 19,067.80 sq. m. (4.71 acres). Conceptual plans illustrating a potential development scheme are available. Located within a growing residential area with access to major roads, amenities, and municipal services.The site offers significant scale and flexibility for developers seeking to capitalize on the increasing demand for housing in the Belleville market. Development Opportunity - 340 Palmer Road, Belleville, OntarioR2 Zoned Residential Development SitePotential for a Multi-Building Residential DevelopmentApproximately 4.71 Acres (19,067.8 sq. m.)Potential for up to seven (7) apartment buildings, generally up to four (4) storeys, subject to municipal approvals and purchaser's due diligence.Conceptual plans illustrate a potential development of up to 251 residential units and approximately 239 parking spaces.Located in a growing residential community with convenient access to major roads, schools, shopping and municipal services.Investment HighlightsLarge infill development opportunityExisting R2 zoningStrong residential growth areaConceptual development plans availableSeller Take-Back Financing May Be ConsideredDisclaimerConceptual renderings and plans are for illustration purposes only. (id:62616)
Property Details
| MLS® Number | X12853944 |
| Property Type | Single Family |
| Community Name | Belleville Ward |
| Features | Irregular Lot Size |
Building
| Size Interior | 0 - 699 Sqft |
| Type | Other |
Parking
| Other | |
| No Garage |
Land
| Acreage | Yes |
| Size Depth | 513 Ft |
| Size Frontage | 262 Ft ,2 In |
| Size Irregular | 262.2 X 513 Ft ; As Per Geowearhouse |
| Size Total Text | 262.2 X 513 Ft ; As Per Geowearhouse|2 - 4.99 Acres |
| Zoning Description | Residential |
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July 11 2026 03:35:42
Toronto Regional Real Estate Board
RE/MAX All-Stars Realty Inc.