Attention developers, investors, and entrepreneurs. This exceptional in-town property offers over 71,000 sq ft (approx 1.64 acr) of predominantly undeveloped land in one of Eastern Ontario's most desirable communities. Currently zoned M1 and R2, this rare parcel presents outstanding redevelopment potential. Preliminary discussions with the Town's Planning Department have indicated no immediate concerns regarding a future application for multi-residential zoning, subject to formal review and municipal approvals. Buyers are encouraged to complete their own due diligence regarding zoning amendments, development approvals, servicing requirements, and intended use. The property features approximately 94.82 feet of frontage on Wilson Street and extends 450.59 feet in depth, running parallel to the adjacent Mews Mall parking lot. The land is generally flat, partially cleared, and benefits from the availability of full municipal services, including water, sanitary sewer, hydro, and other urban infrastructure. The site is largely enclosed with chain-link fencing and includes a courtesy access gate to the neighboring mall property. Its central location provides convenient access to shopping, healthcare services, restaurants, cafés, grocery stores, and other amenities, making it an attractive candidate for future residential or mixed-use development. Adding immediate utility and holding-income potential, the property includes a modest two-bedroom, one-bathroom residence with an attached garage measuring approximately 14' x 36'. The existing dwelling may provide interim occupancy or rental income while development plans and approvals are pursued. Large development parcels within Perth's urban boundary are increasingly difficult to find. Whether your vision includes multi-residential housing, a seniors-oriented project, townhomes, or another permitted use, this property represents a unique opportunity to secure a substantial land holding in a highly sought-after location. (id:66096)
Property Details
MLS®
X13761768
Property Type
Vacant Land
Business Type
Residential
Zoning
M1 & R2
Lot Size
1.64 acres
Frontage
104 ft
Price per Acre
$792,687 per acre
Property Tax
$2,825/yr
Listed
56 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
56d
Perth listings, avg age
88d
List price
$1.30M
Long Listed: 56 days on market, against an average age of 88 days across the listings currently for sale in this city
Market timing · days on market0 → 88d avg age of current listings
Long Listed · day 56
Haho
This vacant land in Perth has been listed for 56 days, which is 32 days fresher than the city average of 88. Act while there is still low competition.
Listed by CENTURY 21 SYNERGY REALTY INC. · Scott Somerville
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K7H)
This home lists at $1,300,000, about 15.9× the local median household income of $82,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 210% above the area median.
Median household income
$82,000
Population
16,175
Median age
55.6
Owner / renter
76% / 24%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA K7H)
$1,300,000
For sale
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