340 Palmer Road
Belleville, ON
- approx. < 700 sqft
- Other
Development opportunity in 340 Palmer Rd, Belleville with R2 zoning in place possible 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 4.65 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.
Listing Details
- Taxes (2025)
- $9,600
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Style
- Other
- Construction
- Other
- Roof
- Other
- Foundation
- Other
- Interior
- None
- Lot Size
- 262.17 x 513 Feet
Parking
- Garage
- Other
- Covered Spaces
- 0
- Total Parking
- 0
Location & Legal
- Cross Street
- Palmer and Moira St W
- Zoning
- Residential
- Parcel Number
- 404570246
- Possession
- Flexible
- Occupancy
- Vacant
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
- $502,250
- Homes sold
- 734
- Median days on market
- 32
- Sale-to-list price
- 97.2%
Based on 734 recorded sales of residential freehold properties in Belleville over the last 12 months.
Listed by
RE/MAX ALL-STARS REALTY INC.
Mortgage Calculator
$776,000
Estimated Monthly Payment
$19,061
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
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.
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