340 Palmer Road, Belleville, ON K8N 4Z2

For Sale 83 days on Market MLS® X12853944

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 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 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.

Area

350 sqft

Lot Size

3.1 acres

Type

Other

Property Details

Year BuiltNot Disclosed

CityBelleville

Postal CodeK8N4Z2

Lot Dimensions262.17 × 513.00 ft

Interior Features

Style: Other

Exterior & Land

Construction: Other

Roof: Other

Utilities & Services

Heat SourceWell

SewerSeptic Tank

Financial Information

List Price$3,880,000

Annual Taxes$9,600 (2025)

Days on Market83

MLS® X12853944 • 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

Insured Prefer

💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

Principal & interest

Home expenses

Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
Rental Income$0.00

Mortgage Amount

$0.00

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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