340 Palmer Road, Belleville

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.

This exceptional 16.57-acre development property offers a rare opportunity for residential growth in a highly desirable location, with frontage on both Bridge Street West and Marshall Road. Currently zoned DC, the property has draft plan approval in place for 36 residential building lots, providing developers with the ability to move forward with a well-positioned project in an established and growing area. In addition to the approved phase, the lands offer significant future upside potential, with the possibility of expanding to approximately 68 residential lots, subject to future servicing capacity and municipal approvals. With strong access, dual road frontage, and long-term development potential, this property represents an outstanding investment opportunity for builders, developers, and investors seeking a scalable residential project in a strategic location.

GAS STATION, CONVENIENCE STORE AND CARWASH CORNER LOT. NET NET NET LEASE $180K A YEAR. PROPERTY IS 9 YEAR OLD.LEASED TO MAJOR COMPANY. REMAINING LEASE $180 K A YEAR FOR 2 YEARS' OPTION $185K A YEAR 5 YEAR LEFT .