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340 Palmer Rd 4.65 Acres of Residential Land Offered at $3,980,000 CAD 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
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.
PROPERTY FACTS
| Price | $3,980,000 CAD | 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 | $3,980,000 CAD |
| 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 | $3,980,000 CAD | Lot Size | 4.65 AC |
| Price Per AC | $855,913.98 CAD |
| Price | $3,980,000 CAD |
| Price Per AC | $855,913.98 CAD |
| Lot Size | 4.65 AC |
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.
Presented by
340 Palmer Rd
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