BLOCK 25 N/A, Mitchell, Ontario N0K 1N0
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Highlights
Est. Mortgage$21,473/mth
Tax Amount (2024)$1,600/yr
Description
Nestled within the charming community of Mitchell, Ontario, lies a pristine 6.03 acre parcel of vacant residential land, currently zoned R. However, the landscape is set to evolve as the sellers are currently working to secure R4 zoning, opening the doors to high-density development. This unique property offers a canvas for diverse housing options, for single homes and semi-detached residences to townhouses and stacked townhomes. Additionally, with the potential for apartments up to four stories high, as well as the inclusion of nursing homes and retirement facilities, the scope for community enrichment is boundless. Recognizing the evolving needs of the area, the sellers are willing to consider property severance, allowing for a minimum of three acres to accommodate various development aspirations. As the pre-consultation is scheduled for April, now is the opportune moment to explore this promising investment prospect.