Homula Realty Brokerage
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118 Wilson Street W, Perth, ON K7H 2P3

Land
$1,300,000

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.

MLS number
X13761768
Type
Land
Status
Active
Bedrooms
Bathrooms
Postal code
K7H 2P3
Photos
1
Property tax
$2,825 / year
4days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
The Stewart Public School
Upper Canada DSB
Elementary633 m5.9 / 10
59% met the standard
Perth Intermediate School
Upper Canada DSB
Elementary1.1 kmNot reported
Perth and District Collegiate Institute
Upper Canada DSB
Secondary1.1 km5.7 / 10
57% met the standard · 2 of 6 measures
Blueberry Creek Forest School & Nature CElementary1.4 kmNot reported
Perth Children's HouseElementary1.4 kmNot reported
St John Elementary School
CDSB of Eastern Ontario
Elementary1.8 km5.6 / 10
56% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 566 people.

$63,200Median household income
43.8%Own their home
38%Detached houses
65Median age
7.6%Born outside Canada
10.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090213 — the few blocks around this address, home to 566 people. It describes the area, not this property.

566Population
58.4Average age
1.9Household size
$84,000Average household income
$63,200Median household income
44%Own their home
56%Rent
38%Condominiums
8%Born outside Canada
10%University degree
$410,000Average home value
12%Low income
20%Never married
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9997%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,99910%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over21%
$100,000 to $124,99910%
$125,000 to $149,9995%
$150,000 to $199,9993%
$200,000 and over3%

Percentages are of the 305 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$260,000 · minimum here is $105,000
$5,756.12per month
Borrowed before insurance$1,040,000
Total borrowed$1,040,000
Interest over 25 years at 4.5%$686,836

If you rented it out

-$5,991.54per month out of pocket
Rent$0.00
Everything it costs to hold$5,991.54
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 SYNERGY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.