BLOCK 25 N/A, Mitchell FOR SALE

Brokered by: CBRE LIMITED

MLS®: 40747850 (Other, See Remarks)

Price: $4,800,000.00

Address: BLOCK 25 N/A, Mitchell
FOR SALE
Subdivision: 65 - Town of Mitchell
Postal Code: N0K1N0
Style: 
Bedrooms: 0
Bathrooms: 0
Lot Size:   x
Property Size:  6.04


About 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:56071). Get more information on Block 25 N/A

Property Features

Rental Equipment:  
Directions:  Near Napier Street and Clayton Street, Mitchell, ON.
Zoning Description:  R3
Access:  Road access
Lot:  6.04 ac|5 - 9.99 acres 6.04
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   /
Age: 
Basement:  None

Rooms & Sizes

     

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JD

John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.