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Mitchell,ON N0K 1N0
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40695724
Originating Board Waterloo Region
Annual Tax Amount $1,600
Lot Size 6.040 Acres
Acres 6.04
Property Sub-Type Residential
Property 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.
Location
Province ON
County Perth
Area West Perth
Zoning R3
Direction Near Napier Street and Clayton Street, Mitchell, ON.
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas,At Lot Line-Hydro,At Lot Line-Municipal Water
Garage No
Building
Lot Description Urban,Irregular Lot,Ample Parking
Faces Near Napier Street and Clayton Street, Mitchell, ON.
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 532000427
Ownership Other