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$3,900,000
Est. payment /mo
370,407 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 370,407 sqft
Price per Sqft $10
MLS Listing ID X11975960
Annual Tax Amount $2,755
Tax Year 2024
Property Sub-Type Land
Lot Depth 769.04
Lot Front 349.06
Property Description
Centrally located 8.5-acre development parcel in the welcoming West Perth community of Mitchell. At least 4.5 developable acres, subject to an EIS to be completed by Buyer at time of planning applications. Potential reduction of manmade pond to be assessed as part of such EIS. 3 concept plans in place by the Sellers' consultant for a mix of 8 single family lots, 72-80 stacked townhouse units, or a 6-storey, 94-unit apartment building. New concept/site plans could be developed by Buyer at time of planning applications. Relatively short term development window is possible. Roughly $200,000 has already been spent by the Sellers on bringing utilities (except hydro) to the Napier Street lot line. Sanitary sewers are readily connectable. Support from the Municipality of a possible second entrance to this parcel via Henry Street. Close to golfing, walking trails, parks, medical centre, schools, and shopping. Roughly 20, 40 and 45 minutes to Stratford, London and Kitchener, respectively.
Location
Province ON
County Perth
Area Perth
Zoning FD
Interior
Inclusions Seller package to be provided.
Exterior
Utilities Available Available
Lot Frontage 349.06
Lot Depth 769.04
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.