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:4069)
Address
BLOCK 25 N/A
List Price
$4,200,000
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Mitchell
Lot Size
6.04 Sq. Ft.
MLS® Number
40747850
Listing Brokerage
CBRE LIMITED
| RE/MAX TWIN CITY REALTY INC.
Basement Area
None
Postal Code
N0K1N0
Zoning
R4
