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59 Days on Market

BLOCK 25 N/A #2, Mitchell, Ontario N0K 1N0

$2,800,000
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Highlights

Estimated Value$307,000*

Price/Sqft-

Days On Market59 days

Est. Mortgage$12,025/mth

Tax Amount (2024)$1,600/yr

*Last updated on: 24/05/30

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.


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number40564326
Community NameWest Perth
Board NameITSO

Features

Sewer (Municipal)

Property History

Now
Listed for$2,800,000
59 days on market
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Property listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP, Brokerage
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