Connie Huibers - Coldwell Banker Momentum Logo
$3,880,000
 $20,829 est/mo Sourced by Back At You

340 Palmer Road,Belleville, ON K8N 4Z2

Belleville, ON K8N 4Z2

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Description

Development opportunity in 340 Palmer Rd, Belleville with R2 zoning in place permitting mid-rise residential development. The property is zoned to allow possible 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.

Details

MLS #X12853934
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Year0
Days On Site178
Listing Provided ByRE/MAX ALL-STARS REALTY INC. | X12853934 142000

Features

Acreage3.09
Water FrontNone

Interior

Interior FeaturesNone
Fireplace Yes / NoNo

Exterior

TopographyFlat

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount9600
Tax Legal DescriptionLT 3 RCP 1819 PTS 1, 2 21R22223 S/T EASEMENT IN GROSS PT 2 21R22223 AS IN SG7843; EXCEPT PTS 1 & 3 21R23151; BELLEVILLE; COUNTY OF HASTINGS PIN 404570246 PT LT 4, RCP 1819 SIDNEY, PT 1 21R22686; BELLEVILLE; COUNTY OF HASTINGS PIN.404570240
Tax Year2025

Area Information

ProvinceON
RegionHastings
CityBelleville
Postal CodeK8N 4Z2
AreaBelleville Ward
Listing VS Median (in K8N 4Z2)
Price:
$3,880,000
low | high
Med:
$3,870,000
50.257731958763% of Average
On site:
178
low | high
Med:
102
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionHastings
CityBelleville
Postal CodeK8N 4Z2
AreaBelleville Ward
Listing VS Median (in K8N 4Z2)
Price:
$3,880,000
low | high
Med:
$3,870,000
50.257731958763% of Average
On site:
178
low | high
Med:
102
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.91M - $4.85M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
340 Palmer Road Property Photo 1
$3,880,000
340 Palmer Road
Belleville, ON K8N 4Z2
Listing Updated: August 17, 2026 at 1:10:17 AM PDT

Connie Huibers - Coldwell Banker Momentum