Block 25 Plan 44M88, West Perth | Image 1

Block 25 Plan 44M88

West Perth, 65 - Town of Mitchell

  • Commercial

$X,XXX,XXX
For Sale

Added 2 weeks ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: R3

  • Age: No Data

  • Taxes: 1600

  • MLS®#: X11959712

  • Days on Site: 3 Days

  • Added: Feb 03, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES

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**

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: West Perth

  • Community: 65 - Town of Mitchell

  • Availability Date: Immediate

Utilities

  • Utilities: No

Building

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: Block 25, Plan 44M88 Municipality of West Perth

  • Taxes: $1,600

  • Taxes Type: Annual

Land

  • Cross Street: Clayton Street & Vir

  • Municipality District: West Perth

  • Parcel Number: 532000427

  • Sewer: San+Storm Avail

  • Lot Depth: 472.18 Feet

  • Lot Frontage: 343.91 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 6.04

  • Total Area Metric: Acres

  • Lot Code: Lot

Car-Dependent

  • Almost all errands require a car.
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