42687 WATER TOWER LINE, Central Elgin
$1,200,000
For sale: Detached
- Property type
- Detached
- Living area
- 699 sqft
- MLS®
- MLS® X14119498
- Neighbourhood
- Rural Central Elgin
Explore the possibilities on approximately 5 picturesque acres at 42687 Water Tower Line in Central Elgin. House and shop to be retained by Seller. Beautiful trees, natural surroundings and a scenic Kettle Creek setting close to Waterworks park create an exceptional backdrop for a private estate or potential development of premium residential lots. Conveniently located within a short commute of London and St. Thomas, this property combines country appeal with easy access to city amenities. Potential configurations could include a single estate lot or residential subdivision subject to all required approvals. No final lot configuration has been established. Buyers are responsible for completing all due diligence regarding zoning, servicing, severance or subdivision potential, permitted uses and development approvals.
Sold data
Homes in Rural Central Elgin — recent sold market
Homes in Rural Central Elgin took a median of 51 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 103, across 94 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 86 days.
The median sale price was $650,699.
Homes sold for about 1.8% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 40% of sellers reduced their price before finding a buyer.
- Median days to sell
- 51
- Median sale price
- $650,699
- Sale-to-list ratio
- 98.2%
- Sold above asking
- 9%
Based on 94 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
Homes for sale near 42687 WATER TOWER LINE
$1,099,999
Detached000–699 sqft211 THOMPSON ROAD W, Waterford, Norfolk
$1,399,999
Detached322,000–2,500 sqft52 WYNFIELD LANE, Melrose, Middlesex Centre
$1,250,000
Detached321,500–2,000 sqft34959 THIRD LINE THIRD LINE, Rural Southwold, Southwold
$1,299,900
Detached211996 LAKESHORE ROAD, Sarnia
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Other000–699 sqft10187 GREYSTEAD DRIVE, Rural Middlesex Centre, Middlesex Centre
$1,150,000
Other000–699 sqftPT LT 113 CULLODEN ROAD, Rural Bayham, Bayham
$1,049,000
Vacant Land036 WETHERED STREET, East C, London East
$1,390,000
Other330 WELLINGTON STREET, Sarnia, Sarnia