340 Palmer Road, Belleville, ON K8N 4Z2

For Sale 82 days on Market MLS® X12853934

Asking Price

$3,880,000

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Overview

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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.

Lot Size

3.1 acres

Type

Vacant Land

Property Details

Year BuiltNot Disclosed

CityBelleville

Postal CodeK8N4Z2

Lot Dimensions262.17 × 513.00 ft

Utilities & Services

Heat SourceWell

SewerSeptic Tank

Financial Information

List Price$3,880,000

Annual Taxes$9,600 (2025)

Days on Market82

MLS® X12853934 • Listed by RE/MAX ALL-STARS REALTY INC.

340 Palmer Road, Belleville, ON K8N 4Z2

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Purchase Calculator

Home Price

$3,880,000.00

Location

Down Payment

$814,800.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

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💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

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🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

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Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
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Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

340 Palmer Road, Belleville, ON K8N 4Z2

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