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BLOCK 25 N/A Mitchell
  • BLOCK 25 N/A Mitchell
  • BLOCK 25 N/A Mitchell

BLOCK 25 N/A, Mitchell, Ontario

$4,950,000

Located in Mitchell, Ontario, this exceptional 6.04 acre parcel of vacant residential land presents a prime development opportunity. Currently zoned R3, the property allows for single detached and semi-detached homes. However, the sellers are actively pursuing R4 zoning approval, anticipated for Q2-Q3 of 2025, which would enable mid-density development. Preliminary conceptual plans, reviewed by the municipality, propose up to 216 stacked townhome units on the site. The prospective R4 zoning will further expand development possibilities to include apartment and condominium buildings (up to four stories), townhomes, stacked townhomes, nursing homes and retirement residences, among other permitted uses. To accommodate diverse development strategies, the Sellers are open to holding financing contingent on the strength and background of the purchaser. (id:23309)

  • Listing ID: 40695724
  • Property Type: Vacant Land
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Details

  • Ownership: Other, See Remarks
  • Transaction: For sale
  • Zoning Description: R3

Building

  • BasementType: None
  • Fireplace Present: False
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Acreage: true
  • Sewer: Municipal sewage system
  • Size Irregular: 6.04
  • Size Total: 6.04 ac|5 - 9.99 acres
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Listing provided by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at BLOCK 25 N/A in West Perth Ontario. It was last modified on February 3rd, 2025. Contact Justin Handley to schedule a viewing or to discover other West Perth properties for sale.

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