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:63476)
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 |