$2,990,000
West Perth
160 Huron Road, West Perth (Mitchell), Ontario, N0K1N0
This retail property in West Perth is for sale offering roughly 1,200 sq ft of space. It has been on the market 11 days, fresher than the West Perth average of 74 days.
Located in the Town of Mitchell, this exceptional 314-foot highway frontage property on Highway 8 offers unparalleled visibility and development potential in one of the region's most promising growth areas. With C3-1 commercial zoning, this parcel is ideally suited for a retail plaza, grocery store, restaurant, service-oriented businesses, or mixed-use commercial development and more. This versatile zoning gives investors and developers the freedom to create a high-demand commercial destination. The Strategic Highway Location - Boasting an impressive 314 feet of frontage along Highway 8, this property provides maximum exposure to high-volume traffic, making it perfect for any retail or food service concept looking to attract consistent customer flow. Situated adjacent to a newly underway residential subdivision, this property is positioned to serve a rapidly expanding consumer base. As new homes come online, demand for nearby shopping, dining, and services will surge making this the ideal time to secure your investment. The property was formerly operated as a thriving greenhouse business, complete with existing infrastructure that could be repurposed or renovated. Enjoy added value with an attached residence featuring a fully independent in-law suite-perfect for owner-occupants, property managers, or rental income. The separate living quarters provide privacy and flexibility for a variety of personal or business needs. This property combines prime location and proximity to new residential development into one unbeatable package. Whether you're looking to build a new commercial venture or acquire a revenue-generating asset in a growing market, this Mitchell property delivers exceptional value and long-term appreciation potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 11 days on market, against an average age of 74 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in West Perth (Mitchell) has been listed for 11 days, which is 63 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,990,000, about 33.2× the local median household income of $90,000.
Carrying it typically needs a household income of about $584,052 (20% down, 25-yr amortization, stress-tested) — roughly 549% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0K)
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