BLOCK 25 N/A, Mitchell, Ontario, N0K1N0
Broker
Peak Realty Ltd. Brokerage - Kitchener
Tel: 519-744-7133
$4,950,000 - For sale
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:2471)
Location DescriptionNear Napier Street and Clayton Street, Mitchell, ON.
- Property Address:BLOCK 25 N/A, Mitchell, Ontario, N0K1N0
- Property Type:Vacant Land
- Title:Other, See Remarks
- Lot Size:6.04 ac|5 - 9.99 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access
- Basement Type:None
Broker
Peak Realty Ltd. Brokerage - Kitchener
Tel: 519-744-7133
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- Map BLOCK 25 N/A, Mitchell, Ontario, N0K1N0
- Neighbourhood Information
BLOCK 25 N/A, Mitchell, Ontario, N0K1N0
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