Property Description for BLOCK 25 N/A
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:38686)
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Property Details
Property Tax
: $4,300MLS® #
: 40747850
Home Features
Property Type
: Vacant LandSubdivision
: 65 - Town of Mitchell
Exterior Features
Acreage
: 6.04
Utilities
Sewer
: Municipal sewage system
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