340 Palmer Rd Terrain 1,88 ha À vendre 2 541 515 € Belleville, ON K8N 4Z2
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 4.65 acres zoned for multi-residential
- Up to 459 units with zoning amendment
- Prime Belleville location near transit & amenities
RÉSUMÉ ANALYTIQUE
340 Palmer Road, Belleville | 4.65 Acres | Up to 459 Units Potential
Introducing Sand Cherry Court — a rare, large-scale multi-residential development opportunity on 4.65 acres in the growing city of Belleville. Strategically located in a quiet infill pocket surrounded by low-density homes, this site offers exceptional long-term upside for builders ready to deliver much-needed housing in an under-supplied market. For developers seeking scale, flexibility, and minimal regional competition, this property stands out.
Key Highlights:
Zoning & Planning Path:
Zoning amendment in progress to support mid-rise residential development
Proposed plan features seven mid-rise buildings (5–9 storeys) and up to 459 units
Site plan includes 395-space underground parking and 10% affordable housing
City staff are supportive of intensification and increased density that aligns with Belleville’s Official Plan
Site Details:
4.65-acre flat site with wide frontage on Palmer Road
Includes two legal parcels for staged or full-scale build-out
Surrounded by an established residential neighbourhood with consistent demand
Location Advantage:
Minutes to Moira Street, transit, schools, parks, and retail
Easy access to Highway 401 and downtown Belleville
Ideal setting for rental or ownership housing in a market with low vacancy and population growth
Development Potential:
Rare opportunity to build high-density multi-residential in a city with limited supply
Strong candidate for CMHC-backed financing or public-private partnerships
Flexible deal structures considered, including joint ventures or conditional sale
Opportunity Summary:
This is your chance to secure one of Belleville’s few remaining infill sites at scale, in a location with both near-term feasibility and long-term demand. With municipal support for density and strong housing fundamentals, 340 Palmer Road is ready for a visionary builder to take it forward.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 541 515 € |
| Type de vente | Investissement |
| Nb de lots | 1 |
| Type de bien | Terrain |
| Sous-type de bien | Terrain residentiel |
| Usage proposé | Appartements en copropriété |
| Surface totale du lot | 1,88 ha |
| Zonage | R2 - Residential |
1 LOT DISPONIBLE
Lot
| Prix | 2 541 515 € |
| Prix par ha | 1 350 584,80 € |
| Surface du lot | 1,88 ha |
4.65-acre infill lot on Palmer Rd with 262' frontage. Flat, vacant, and zoned R2 with amendment in progress for mid-rise residential. Concept plan for 459 units. All services at lot line; upgrades needed for full density. Ideal for phased build-out.
DESCRIPTION
The property is nestled among established low-rise residential neighborhoods. It offers convenient access to public transit, schools, parks, and local amenities, making it an ideal location for future residential development. This is a rare opportunity to acquire a fully serviced, strategically positioned site with both as-of-right development potential and a pathway to higher-density approvals already underway. Note: There are two lots included in this offering. Image is for illustrative purposes only.
