156 Borden Avenue, Central Elgin, ON Image 1

$424,900

$495,000
14.2% dropped

Last price change 6 hours ago

Land For Sale
MLS - #X12139703
6 hours ago- By Dotted Line Real Estate Inc Brokerage

156 Borden Avenue, Central Elgin, ON N0L 1B0

Bed
Bath
8654 Sqft.

Property Description

Property type

Land

Lot size

N/A

Style

Approx. Area

8654 Sqft

About 156 Borden Avenue

Prime Commercial Investment Opportunity - High Visibility Location. Unlock the potential of this uniquely positioned commercial property in a rapidly developing corridor. Zoned Hamlet Commercial with strong potential to upgrade to Highway Commercial - the Town has expressed openness to this transition. Located directly across from a newer Tim Hortons and Esso gas station, this high-traffic site is ideal for a wide range of commercial uses. Just minutes from Highway 401 and the City of London, the property offers excellent accessibility and exposure for businesses.The Town Planner has indicated support for mixed-use development, including commercial units on the ground level with residential units above (see illustrative concept drawing for inspiration).Currently on the property is a 785 sq/ft 3-bedroom bungalow, rented and generating income, offering holding potential while development plans are finalized.Property is being sold as-is. A rare opportunity for savvy investors or developers looking to capitalize on location, zoning flexibility, and growth potential.

Home Overview

Last updated

6 hours ago

Virtual tour

None

Basement information

Building size

8654

Status

In-Active

Property sub type

Land

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:N/A
Heating:N/A
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
42490000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 156 Borden Avenue

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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