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$4,200,000
Est. payment /mo
6.04 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40747850
Annual Tax Amount $4,300
Lot Size 6.040 Acres
Acres 6.04
Property Sub-Type Residential
Source Cornerstone
Property Description
Opportunity to acquire 6.04 acres of vacant residential land in Mitchell, Ontario (Municipality of West Perth) with R4 zoning approved as of April 20, 2026. This mid-density designation permits a broad range of residential uses including apartment and condominium buildings (up to 4 storeys), townhomes, stacked townhomes, single and semi-detached dwellings, nursing homes, and retirement residences.
Preliminary conceptual plans, reviewed by the municipality, propose up to 216 stacked townhome units on the site. Sellers are open to vendor take-back (VTB) financing for qualified purchasers.
An exceptional site for builders, developers, and investors looking to capitalize on residential demand in a growing southwestern Ontario community.
Preliminary conceptual plans, reviewed by the municipality, propose up to 216 stacked townhome units on the site. Sellers are open to vendor take-back (VTB) financing for qualified purchasers.
An exceptional site for builders, developers, and investors looking to capitalize on residential demand in a growing southwestern Ontario community.
Location
Province ON
County Perth
Area West Perth
Zoning R4
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
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
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Listed by CBRE LIMITED
NEARBY SCHOOL & BUSINESS
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