Mitchell, ON N0K1N0,BLOCK 25 N/A
Mitchell, ON N0K1N0,BLOCK 25 N/A
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$ 4,950,000
Est. payment | /mo

6.04 Acres Lot


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$ 4,950,000
Est. payment | /mo
Save

6.04 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Other, See Remarks

Listing Status Active

Purchase Type For Sale

Subdivision 65 - Town Of Mitchell

MLS® Listing ID 40695724

Lot Size 6.040 Acres

Acres 6.04

Property Sub-Type Other, See Remarks

Source Cornerstone - Waterloo Region

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Other, See Remarks

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Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada

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BLOCK 25 N/A