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.
Address
35 William Street
List Price
$3,900,000
Property Type
Commercial
Type of Dwelling
Land
Area
West Perth
Sub-Area
Mitchell
County
Perth
Lot Depth
769.04
Lot Type
Lot
Lot Size Units
Feet
Lot Width
349.06
MLS® Number
X11975960
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Postal Code
N0K 1N0
Tax Amount
$2,755.00
Tax Year
2024
Sewer
Sanitary+Storm Available
