$3,980,000

39 Townhouse Development Approved - 340 Palmer Rd, Belleville Residential development land of approximately 4.65 acres with a previously approved project for 39 townhouses, allowing a builder to proceed with development subject to normal municipal requirements. Certain larger lots may allow the addition of garden suites (rear yard units) which can be submitted to the City together with the architectural interior plans, creating the potential for additional rental income, subject to municipal approvals. The property is located in a growing residential area close to Highway 401, Belleville General Hospital, schools, shopping, and public transit. The City of Belleville has adopted policies supporting increased residential density, allowing the possibility to explore mid-rise or higher-density development, subject to municipal approvals. A conceptual rendering illustrating up to 459 residential units was previously presented to the City for discussion purposes only and is for illustration only. All offers welcome.