340 Palmer Road
Belleville, ON
Vacant Land • 174 days on market
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.
Listing Details
- Taxes (2025)
- $9,600
- Originally Listed
- $3,980,000
- Listed
- March 6, 2026
Price History
Listing history
Sign in to view
Property
- Interior
- None
- Lot Size
- 262.17 x 513 Feet
Location & Legal
- Cross Street
- Palmer and Moira St W
- Zoning
- Residential
- Parcel Number
- 404570246
- Possession
- Flexible
Commercial
- Occupancy
- Vacant
Schools
Elementary
- Our Lady of Fatima Catholic School0.7 km
Catholic · Algonquin and Lakeshore CDSB · 175 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Centennial Secondary School Elementary School1 km
Public · Hastings & Prince Edward DSB · 125 students
- Sir John A Macdonald Public School1.2 km
Public · Hastings & Prince Edward DSB · 240 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 70% met the provincial standard
Secondary
- Centennial Secondary School1.1 km
Public · Hastings & Prince Edward DSB · 930 students
Grade 10 literacy: 81% met the provincial standard
- Sir James Whitney School for the Deaf1.8 km
Provincial · Provincial and Demonstration Schools
- Sir James Whitney/Sagonaska Secondary School1.8 km
Provincial · Provincial and Demonstration Schools
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K8N
- Population
- 30,393
- Private dwellings
- 13,782
- Median age
- 48
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Belleville · last 12 months
- Median sold price
- $505,000
- Homes sold
- 757
- Median days on market
- 32
- Sale-to-list price
- 97.3%
Based on 757 recorded sales of residential freehold properties in Belleville over the last 12 months.
Listed by
RE/MAX ALL-STARS REALTY INC.
Location
Mortgage Calculator
$776,000
Estimated Monthly Payment
$19,061
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $19,061/mo (20% down, 5.5%)
Taxes: $800/mo · Insurance: $970/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?