3
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$1
Est. payment /mo
10.59 Acres Lot
Active
MITCHELL LANDS Mitchell, ON N0K1N0
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Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 65 - Town Of Mitchell
MLS® Listing ID 40776104
Lot Size 10.587 Acres
Acres 10.587
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
Residential Development Opportunity in Mitchell, Ontario — Over 10 acres of vacant residential land available, divided into three phases and currently zoned R3. The Sellers are actively pursuing R4 zoning for approximately 6 acres, which would support up to 216 stacked townhome units under current plans. R4 zoning permits a variety of residential uses including apartment buildings (up to four storeys), townhouses, stacked townhouses, nursing homes, and retirement residences. An additional 2 acres are suitable for semi-detached or detached homes. There is also an additional 7 fully serviced semi-detached lots—allowing for 14 units—are ready for immediate construction. Recognizing the evolving needs of the area, the Sellers are willing to consider property severance, allowing for 18 unit stacked townhouse blocks to be sold separately, with up twelve blocks available, to accommodate various development aspirations. As the pre-consultation is scheduled for April, now is the opportune moment to explore this promising investment prospect. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by CBRE LIMITED
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