340 Palmer Road

High-Yield Multi-Residential Development Opportunity in Belleville340 Palmer Road | 4.65 Acres | Proposed for Up to 459 Units | Zoning Amendment In ProgressRare large-scale development site in the heart of Bellevilles growing residential corridor. Known as Sand Cherry Court, this 4.65-acre infill property (two legal parcels) offers exceptional long-term potential for developers ready to meet strong regional demand for housing. A zoning amendment is currently in progress to allow for mid- and high-rise residential intensification, in line with the City of Bellevilles Official Plan.The proposed concept features seven mid-rise buildings (59 storeys) with up to 459 residential units, 395 underground parking spaces, and 10% affordable housing. City staff have been supportive of intensification goals that align with local planning policies. The sites flat terrain, wide Palmer Road frontage, and access to municipal services allow for efficient site design and potential phased development.Located minutes from Moira Street, schools, shopping, transit, and Belleville General Hospital. Easy access to Highway 401, downtown, and key employment areas. Ideal for purpose-built rental or ownership housing. Belleville continues to experience rapid growth, low vacancy, and increasing pressure on supplymaking this a rare opportunity to develop at scale in a low-competition market.Flexible deal structures may be considered, including joint ventures or conditional sales.For full details, site plans, or to discuss the zoning process and next steps, contact the listing agent directly. This is a rare opportunity to shape one of Bellevilles most promising multi-residential communities.