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Pt Lot 25 Plan 363 & Pt Lot 7 Concession 3 Concession Milverton, Ontario N0K 1M0

Acreage

$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:49683)

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

https://www.realtor.ca/real-estate/24533393/pt-lot-25-plan-363-pt-lot-7-concession-3-concession-milverton

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