UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40823686
Annual Tax Amount $1
Lot Size 10.587 Acres
Acres 10.587
Property Sub-Type Residential
Source Cornerstone
Property Description
R4 zoning has been approved for approximately 6 acres of the site, with an initial site plan for 216 stacked townhouse units - providing a clear path for high-density development. Permitted uses under R4 include apartment and condo buildings up to four storeys, townhomes, stacked townhomes, nursing homes, retirement homes, and more.
The remaining approximately 2 acres of vacant land provides further upside, with potential for an additional 9 semi-detached lots (18 units). Also included are 7 fully serviced, ready-to-construct lots (14 units) - ideal for a builder looking to break ground immediately.
Sellers are open to holding a mortgage for a qualified purchaser, offering a flexible financing opportunity that furth reduces barriers to entry on this exceptional land assembly. With zoning approved, serviced lots in hand, and a site plan already initiated, this is a rare, de-risked residential development opportunity in a growing Southwest Ontario community.
Location
Province ON
County Perth
Area West Perth
Zoning R3 & 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, Municipal to Lot Line
Lot Frontage 364.01
Lot Depth 472.18
Garage No
Building
Lot Description Urban, Irregular Lot, Ample Parking, Other
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 Freehold/None
NEARBY SCHOOL & BUSINESS
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