$499,000
For sale: Vacant Land

Prime Development Opportunity! Ideally located on a major arterial route just minutes from Fanshawe College and downtown London. The property originally consisted of two addresses-1002 & 1004 Oxford Street East. The property offers excellent development potential with zoning that permits a mixed-use project featuring commercial space on the main level and residential units on the second and third floors. There is potential for approximately 4-6 residential units, making this an attractive opportunity for investors and developers alike. Architectural drawings are available from the Seller upon request. Buildings to be demolished. Property is being sold "Under Power of Sale." Please allow 72 hours for irrevocable. Photo is just an artist's rendering.
Sold data
Vacant Land homes in London East (East C) took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 73, across 65 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 78 days.
The median sale price was $649,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 65 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.
Schools
London East (East C) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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