118 WILSON STREET W, Perth

$1,300,000

For sale: Vacant Land

Vacant Land at 118 WILSON STREET W, Perth
Property type
Land
MLS®
MLS® X13761768
Neighbourhood
907 - Perth

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.

Sold data

Homes in Perth — recent sold market

Homes in Perth took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 55, across 32 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.

The median sale price was $492,450.

Homes sold for about 1.9% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$492,450
Sale-to-list ratio
98.1%
Sold above asking
19%

Based on 32 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Perth

Perth has 5 Fraser Institute–rated schools (3 elementary and 2 secondary), averaging 6.2/10.

Rated schools
5
Elementary
3
Secondary
2
Average rating
6.2 / 10

Top-rated schools in Perth

  • The Queen Elizabeth — elementaryFraser rating 8.7/10
  • St. John — secondaryFraser rating 6.9/10
  • The Stewart — elementaryFraser rating 5.6/10
  • St John — elementaryFraser rating 5.2/10
  • Perth and District — secondaryFraser rating 4.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 118 WILSON STREET W