Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession, Milverton, Ontario

$4,499,900

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81.60

Acres

About Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession

Unique opportunity on the South end of Milverton, this 81-acre property also has potential commercial and residential development use. Adjacent to the Settlement boundary of Milverton, an official plan amendment or the Perth County Official Plan Review underway may provide for residential development opportunities. The Watson and Associates Economists Ltd. report commission in April 2020 by Perth County identified a deficit of 207 units in Milvertons urban serviced area and will require 32 gross acres of urban residential land to meet the housing requirements of the next 25 years. The current Perth County Official plan designates approximately 12.39 acres along Perth Road 131 as Urban Fringe suitable for Highway Commercial use. Current property zoning designates the property as Agriculture (A) with the forested area zoned Natural Resource/Environment Zone Two (NRE2). (id:6289)

Features of Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession

Listing # 40275124
Price $4,499,900
Bathrooms 0.00
Acres 81.60
Type Vacant Land
Sub-Type Freehold

Community Information

Address Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession
Subdivision 44 - Milverton
City Milverton
Province Ontario
Postal Code N0K1M0

Amenities

Features Country residential
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Listing Details

OfficeBENJAMINS REALTY INC.

Listing Map

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