Block 25 N/a Mitchell, Ontario N0K 1N0

Acreage

$4,950,000

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:43503)

Property Details

MLS® Number 40695724
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 R3

https://www.realtor.ca/real-estate/27872412/block-25-na-mitchell

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