Acreage
$4,200,000
Opportunity to acquire 6.04 acres of vacant residential land in Mitchell, Ontario (Municipality of West Perth) with R4 zoning approved as of April 20, 2026. This mid-density designation permits a broad range of residential uses including apartment and condominium buildings (up to 4 storeys), townhomes, stacked townhomes, single and semi-detached dwellings, nursing homes, and retirement residences. Preliminary conceptual plans, reviewed by the municipality, propose up to 216 stacked townhome units on the site. Sellers are open to vendor take-back (VTB) financing for qualified purchasers. An exceptional site for builders, developers, and investors looking to capitalize on residential demand in a growing southwestern Ontario community. (id:41662)
Property Details
|
MLS® Number
|
40747850 |
|
Property Type
|
Vacant Land |
Building
|
Basement Type
|
None |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Road Access |
|
Acreage
|
Yes |
|
Sewer
|
Municipal Sewage System |
|
Size Irregular
|
6.04 |
|
Size Total
|
6.04 Ac|5 - 9.99 Acres |
|
Size Total Text
|
6.04 Ac|5 - 9.99 Acres |
|
Zoning Description
|
R4 |
https://www.realtor.ca/real-estate/28557728/block-25-na-mitchell