ON > West Perth > 65 - Town Of Mitchell
West Perth, ON N0K 1N0,Block 25 Plan 44M88 N/A
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West Perth, ON N0K 1N0,Block 25 Plan 44M88 N/A
West Perth, ON N0K 1N0,Block 25 Plan 44M88 N/A
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Gaurang Nagar

Gaurang Nagar

+1(647) 760-0996
$ 4,950,000
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Block 25 Plan 44M88 N/A West Perth, ON N0K 1N0

6 SqFt

UPDATED:

02/06/2025 03:41 PM

Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

Square Footage 6 sqft

Price per Sqft $825,000

Subdivision 65 - Town Of Mitchell

MLS Listing ID X11959712

Annual Tax Amount $1,600

Tax Year 2024

Property Sub-Type Land

Property Description

Located in the heart of 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 Q2Q3 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. **INTERBOARD LISTING: CORNERSTONE - WATERLOO REGION**

Location

Province ON

County Perth

Community 65 - Town Of Mitchell

Area Perth

Zoning R3

Exterior

Utilities Available None

Lot Frontage 343.91

Lot Depth 472.18

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
agent

Gaurang Nagar

Broker

+1(647) 760-0996

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Block 25 Plan 44M88 N/A

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