Photo of 16 Applewood DriveJust Listed
$569,900
16 Applewood Drive
340 Palmer Road
ActiveBelleville · Belleville Ward153 days on marketMLS® X12853944
$3,880,000
$5,543 / sq ft
Bedrooms0
Bathrooms0
Interior700 sq ft
Lot Size5 sq ft
TypeSingle Family Home
ListingFor Sale
Days on Market153
About this property
Development opportunity in 340 Palmer Rd, Belleville with R2 zoning in place permitting mid-rise residential development. The property is zoned to allow potentially 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.The site offers significant scale and flexibility for developers seeking to capitalize on the increasing demand for housing in the Belleville market. Development Opportunity - 340 Palmer Road, Belleville, OntarioR2 Zoned Residential Development SitePotential for a Multi-Building Residential DevelopmentApproximately 4.71 Acres (19,067.8 sq. m.)Potential for up to seven (7) apartment buildings, generally up to four (4) storeys, subject to municipal approvals and purchaser's due diligence.Conceptual plans illustrate a potential development of up to 251 residential units and approximately 239 parking spaces.Located in a growing residential community with convenient access to major roads, schools, shopping and municipal services.Investment HighlightsLarge infill development opportunityExisting R2 zoningStrong residential growth areaConceptual development plans availableSeller Take-Back Financing May Be ConsideredDisclaimerConceptual renderings and plans are for illustration purposes only.
Features & finishes
View
Air Conditioning
Basement
Property details
| MLS® Number | X12853944 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Single Family Home |
| Interior Size | 700 sq ft |
| Lot Size | 5 sq ft |
| Beds / Baths | 0 bed · 0 bath |
| Neighbourhood | Belleville Ward |
| City | Belleville |
| Postal Code | K8N 4Z2 |
| Province | ON |
| Listed Date | March 6, 2026 |
| Days on Market | 153 |
| Price per Sq Ft | $5,543 |
| Listing Agent | RODICA ILIESCU, CLHMS,SRES, Broker |
| Agent License | 9524252 |
| Brokerage | RE/MAX ALL-STARS REALTY INC. |
Location
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Listed by RODICA ILIESCU, CLHMS,SRES, Broker · 647-204-4663
Brokerage: RE/MAX ALL-STARS REALTY INC.