Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession, Milverton, Ontario N0K 1M0 (24533393)
Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession Milverton, Ontario N0K 1M0
$4,499,900
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:48850)
Property Details
| MLS® Number | 40275124 |
| Property Type | Vacant Land |
| Features | Country Residential |
Building
| Basement Type | None |
Land
| Acreage | Yes |
| Cleared Total | 64 Ac |
| Sewer | No Sewage System |
| Size Irregular | 81.6 |
| Size Total | 81.6 Ac|50 - 100 Acres |
| Size Total Text | 81.6 Ac|50 - 100 Acres |
| Zoning Description | Agriculture & Nre2 |
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June 13 2022 09:26:51
Benjamins Realty Inc.