A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for BLOCK 25 N/A, Mitchell Ontario N0K 1N0
30 days on Market

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

Detached
-
-
- sqft
$4,800,000
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Detached
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Highlights

Property Estimate

Days on market30 days

Estimated valueNot available

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Description

Located in 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 Q2-Q3 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. To accommodate diverse development strategies, the sellers are open to holding financing contingent on the strength and background of the purchaser.


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number40747850
Community NameWest Perth
Data SourceITSO
Listing byCBRE LIMITED

Features

Sewer (Municipal)

Property History

Jul 4, 2025
ListedActive
$4,800,000
30 days on market
history photo preview2
Listing by itso®
Property listed by CBRE LIMITED, Brokerage
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Market Data - West Perth

Geo Zone Map ThumbnailWest Perth

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

65 days

Compared to

2024

60 days

2023

49 days

2022

30 days

New Listings

Past 30 days

15 listings

Compared to

2024

27 listings

2023

17 listings

2022

10 listings

Units sold

Past 30 days

8 units

Compared to

2024

11 units

2023

5 units

2022

4 units

Median Sold Price

Past 30 days

$705,380

Compared to

2024

$675,900

2023

$545,000

2022

$555,000


Population and Demographics

Overview

Total population 8978
Average household income $119,636

Age (%)

0 to 19
26%
20 to 34
18%
35 to 49
17%
50 to 64
21%
65 and plus
19%

Household composition (%)

Single family
73%
Single person
24%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
96%
Dutch
1%
Others
1%
German
1%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget