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:4555)
PROPERTY SPECS
Price $4,200,000
City Mitchell, Ontario
Address 25 N/A
Listing ID 40747850
Land Size 6.04
Type Vacant Land
Status For Sale
EXTENDED FEATURES
OwnershipFreeholdBasementNoneSewerMunicipal sewage system