340 Palmer Road

Welcome to Sand Cherry Court at 340 Palmer Road, Belleville a prime multi-residential development opportunity with significant potential. This 4.65-acre site is currently zoned R2 Residential, permitting a low-rise, multi-residential development of seven 4-storey purpose-built apartment buildings, totaling 251 residential units including 10% affordable housing, serviced by a shared underground garage with 239 parking spaces.Additionally, a proposed Zoning By-law Amendment has been initiated to rezone the property to R3 Residential, allowing for increased height and density. Under this proposal, the site can accommodate a mid-rise development of seven apartment buildings ranging from 5 to 9 storeys, featuring 459 rental units, including 10% affordable housing, along with a 395-space underground parking garage. This increased density aligns with Bellevilles Residential Official Plan designation and reflects the Citys strategic vision to support much-needed housing supply and intensification.Positioned on the east side of Palmer Road, just south of Moira Street West, the site is surrounded by established low-rise residential communities and benefits from access to public transit, schools, parks, and local amenities. This is a rare opportunity to secure a fully serviced, strategically located site with both as-of-right development potential and increased density permissions underway. There are two lots. Picture is only for illustration purposes.