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.
MLS# | X11975960 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 69 |
Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | X11975960 519011 |
SQ Feet | 370,407 |
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Acreage | 8.50 |
Province | ON |
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County | Perth |
City | West Perth |
Postal Code | N0K 1N0 |
Listing VS Median (in N0K 1N0) | |
Price: $3,900,000 low | high Med: $1,244,000 SqFt: 370,407 low | high Med: 4,247 $ / SqFt: $11 low | high Med: $292 On site: 69 low | high Med: 233.000000 |