MITCHELL LANDS, Mitchell, Ontario, N0K1N0
MLS: 40823686 | Vacant Land
$1
Property Description
Exceptional development opportunity in the charming community of Mitchell, Ontario. This offering comprises 9 parcels totaling approximately 8 acres of vacant residential land, with significant entitlements already in place. R4 zoning has been approved for approximately 6 acres of the site, with an initial site plan for 216 stacked townhouse units - providing a clear path for high-density development. Permitted uses under R4 include apartment and condo buildings up to four storeys, townhomes, stacked townhomes, nursing homes, retirement homes, and more. The remaining approximately 2 acres of vacant land provides further upside, with potential for an additional 9 semi-detached lots (18 units). Also included are 7 fully serviced, ready-to-construct lots (14 units) - ideal for a builder looking to break ground immediately. Sellers are open to holding a mortgage for a qualified purchaser, offering a flexible financing opportunity that furth reduces barriers to entry on this exceptional land assembly. With zoning approved, serviced lots in hand, and a site plan already initiated, this is a rare, de-risked residential development opportunity in a growing Southwest Ontario community. (id:64974)
Quick Facts
- Property Type: Vacant Land
- Bedrooms: None
- Bathrooms: None
- Ownership: Freehold
- Lot Size: 10.5870 acres (4.28 ha)
- Frontage: 364 ft (110.9 m)
Costs
- Annual Taxes: $1.00
Listing Provided by: CBRE LIMITED
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: None
- Utilities: Water
Exterior & Construction
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Lot Size: 10.5870 acres (4.28 ha)
- Frontage: 364 ft (110.9 m)
- Zoning: R3 & R4
Community & Neighbourhood
- Subdivision: 65 - Town of Mitchell
Listing Information
Listing History
MLS listing activity for MITCHELL LANDS, Mitchell, Ontario, N0K1N0 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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MITCHELL LANDS, Mitchell, Ontario, N0K1N0