For Sale

340 Palmer Road, Belleville, Ontario K8N 4Z2

$3,980,000

340 Palmer Road, Belleville, Ontario K8N 4Z2 is For Sale and has a listing price of 3,980,000. The property is located in the Belleville neighbourhood . It's been on the website for 7 Days.

  • Vacant Land
    Property Type
  • MLS ID: X12387064
  • Office Name RE/MAX ALL-STARS REALTY INC.
Property Description

340 Palmer Road, Belleville. Residential Development Land. Lot Size: Approx. 4.65 acres. Strategically located in central Belleville, close to schools, shopping, public transit, Highway 401, and Belleville General Hospital. The City of Belleville has recently updated planning policies encouraging mid-rise and high-rise development. Conceptual drawings have been prepared for this property to illustrate redevelopment potential, including options of up to approximately 459 residential units with 395 underground parking spaces (subject to municipal approvals). These drawings are for illustration purposes only and do not represent final approvals or design. Neighbouring properties are already pursuing mid-rise applications with the City, reflecting strong momentum for higher-density residential development in the area. A prime opportunity for builders and developers to advance a vision aligned with the citys intensification plans.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12387064
  • Price: $3,980,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 513
  • Ref ID: X12387064
  • Dir / Cross St: Palmer and Moira St W
  • Status: Active
  • Tax Year: 2025
  • Property Type: Vacant Land
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
09/07/2025 X12387064 $3,980,000 For Sale - -
03/29/2025 X12049354 $3,980,000 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Belleville
  • $722,145 Average List Price
    based on 1 year
  • 237 New Listings
    based on 30 days
  • 85 Median Days on Market
    based on 1 year
  • List vs. Selling Price 64.86 % Up
  • Sold (12mo) 698
  • Rented (12mo) 167

  • 1 Month Change -59.6%
  • 3 Month Change -45.3%
  • 6 Month Change -42.4%
Walkscore
Additional Details
  • Kitchen Y
  • Taxes: $9,600
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: immediate
  • Listing Entry Date: 07/09/2025 16:49:38
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