25 N/A Mitchell, ON N0K 1N0
Listing Courtesy of:  CREA / Avison Young Commercial Real Estate Services, Lp

  25 N/A Mitchell, ON N0K 1N0

Active (20 Days)
$3,477,222
6.04
ACRES
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Description

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:41440)

MLS®:
40695724
Lot Size
6.04 acres
Type
Land
County
Perth County

Listed By

Nick Pecarski, Avison Young Commercial Real Estate Services, Lp
Source
CREA
Last checked Feb 23 2025 at 10:46 AM EST
Bathroom Details
Subdivision
  • 65 - Town Of Mitchell
Utility Information
  • Sewer: Municipal Sewage System
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 2/23/25 02:46

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