340 Palmer Road Belleville, Ontario K8N 4Z2

$3,980,000

For Sale - 340 Palmer Road, BellevilleResidential Development Land | Approx. 4.65 AcresExceptional opportunity to acquire a prime development parcel in the heart of Belleville. Spanning over 4 acres, this centrally located property offers convenient access to schools, shopping, public transit, Highway 401, and Belleville General Hospital. The site's location and surrounding infrastructure make it highly suitable for residential intensification.Belleville's updated planning framework supports mid- and high-rise growth, encouraging mixed-use and multi-residential developments. Conceptual drawings prepared for the property illustrate potential for up to 459 residential units and 395 underground parking spaces (subject to municipal approvals). These concepts are for illustration only and do not constitute final plans or approvals.Neighbouring lands are progressing with mid-rise applications, underscoring strong market demand and municipal support for higher-density housing in this corridor.Property Highlights. Centrally located near key amenities and transportation routesSupported by recent municipal policy promoting urban intensificationConceptual plans demonstrate significant redevelopment potential (subject to approvals)Area experiencing active growth with comparable mid-rise projects nearbyA rare and strategic opportunity for builders and developers to deliver a high-density residential community aligned with Belleville's long-term growth and housing objectives. (id:60365)

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https://www.realtor.ca/real-estate/28826976/340-palmer-road-belleville-belleville-ward-belleville-ward