BLOCK 25 N/A #2, Mitchell, Ontario N0K 1N0
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Highlights
Est. Mortgage$12,025/mth
Tax Amount (2024)$1,600/yr
Description
Nestled within the charming community of Mitchell, Ontario, lies a pristine 3 acre parcel of vacant residential land, currently zoned R3. The Sellers are currently working to secure R4 zoning, opening the doors to high-density development. The R4 zoning will allow apartment/ condo buildings up to four floors, townhomes, stacked townhomes, nursing homes, retirement homes among other uses. Recognizing the evolving needs of the area, the Sellers are willing to consider property severance, allowing for 18 unit stacked townhome blocks to be sold separately, with up twelve blocks available, to accommodate various development aspirations. As the pre-consultation is scheduled for April, now is the opportune moment to explore this promising investment prospect.