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$ 3,880,000
Est. payment /mo
Price Dropped by $100K
340 Palmer RD Belleville, ON K8N 4Z2
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Belleville Ward
MLS Listing ID X12853944
Style Other
Annual Tax Amount $9,600
Tax Year 2025
Property Sub-Type Other
Property Description
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.
Location
Province ON
County Hastings
Area Hastings
Rooms
Family Room No
Kitchen 0
Interior
Interior Features None
Fireplace No
Exterior
Pool None
Roof Type Other
Lot Frontage 262.17
Lot Depth 513.0
Building
Foundation Other
Others
ParcelsYN No
Listed by RE/MAX ALL-STARS REALTY INC.
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