For Sale
340 Palmer Road
Belleville Ward, Belleville, ON
$3,980,000
0Bd
0Ba
—sqft
262.17 x 513 ftlot
LandMLS# X12853934Listed 2026-03-0676 DOM
On the market for 76 days — longer than average. The seller may be open to negotiation.
About this home
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.
Features
- None
Financials
Annual Taxes
$9,600
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Rental yield0.6% – 0.9%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Belleville
Days on market76 days
Buyer's MarketSeller's Market
Based on active listings in Belleville. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
52
/ 100
Walk Score
Somewhat Walkable
37
/ 100
Transit Score
Some Transit
44
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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