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340 Palmer Rd 4.65 Acres of Residential Land Offered at $2,897,242 USD in Belleville, ON K8N 4Z2
Investment Highlights
- 4.65 acres zoned for multi-residential
- Up to 459 units with zoning amendment
- Prime Belleville location near transit & amenities
Executive Summary
A rare opportunity to acquire a 4.65-acre residential development site with an approved plan for 39 townhouses, located in a growing area of Belleville with strong housing demand and excellent connectivity.Development Highlights
• Approved plan for 39 townhouses
• Approx. 4.65 acres development site
• Garden suite potential on larger lots – additional rental income opportunity
• Municipal services available
• Located near Highway 401, Belleville General Hospital, schools, retail and transit
• Future intensification potential – previous planning concept explored up to 459 residential units
The site allows a developer to proceed with the approved townhouse project while also providing the opportunity to explore higher-density residential development in the future.
Property Facts
| Price | $2,897,242 USD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 4.65 AC |
| Property Type | Land | ||
| Zoning | R2 - Residential | ||
| Price | $2,897,242 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 4.65 AC |
| Zoning | R2 - Residential |
1 Lot Available
Lot
| Price | $2,897,242 USD | Lot Size | 4.65 AC |
| Price Per AC | $623,062.89 USD |
| Price | $2,897,242 USD |
| Price Per AC | $623,062.89 USD |
| Lot Size | 4.65 AC |
4.65 -acre flat. Approved 39 Townhouse, Zoned R2 with amendment in progress for mid-rise residential. Prior concept for up to 459 units. Services at lot line; upgrades required for full density. Ideal for phased multi-residential
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.
Presented by
340 Palmer Rd
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