ON > Mitchell
Mitchell, ON N0K 1N0,BLOCK 25 N/A
Mitchell, ON N0K 1N0,BLOCK 25 N/A
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
2
May
Sat
3
May
Sun
4
May
Elevated & Co. Realty RE/MAX Escarpment Realty Inc.

Elevated & Co. Realty RE/MAX Escarpment Realty Inc.

+1(905) 971-6777
$ 4,950,000
Est. payment | /mo

6.04 Acres Lot

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

6.04 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40695724

Originating Board Waterloo Region

Annual Tax Amount $1,600

Lot Size 6.040 Acres

Acres 6.04

Property Sub-Type Residential

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.

Location

Province ON

County Perth

Area West Perth

Zoning R3

Direction Near Napier Street and Clayton Street, Mitchell, ON.

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available At Lot Line-Gas, At Lot Line-Hydro, At Lot Line-Municipal Water

Garage No

Building

Lot Description Urban, Irregular Lot, Ample Parking

Faces Near Napier Street and Clayton Street, Mitchell, ON.

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 532000427

Ownership Other

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
agent-avatar

Elevating Your Journey Home

+1(905) 971-6777

hello@elevatedandco.ca

502 Brant St, Burlington, ON, CAN

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of elevated & co. realty - RE/MAX Escarpment Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

By sharing your contact info, you consent to receiving communications from elevated & co. realty with helpful updates, information, and resources. You can unsubscribe anytime.