$3,200,000
For sale: Vacant Land

Desirable location! East London with growing residential and commercial activity nearby. Great roadside easy access with huge road frontage ( lots of daily traffic ) ( main road visibility ) Near all necessary amenities like bus route , shopping , and many other businesses. Long term usage as automotive repair and sales since 1960s ( many suppliers and auto wreckers very near )Zoning for auto sales and repair amongst many other uses. Easy access to 401 (5 minutes). Large secure fenced compound. Lease to own option for $250,000. down and lease all buildings, car lots, hoists, and loaner cars for $25,000./month. Many ways to accomplish this purchase. Call to inquire.
Sold data
Vacant Land homes in London East (East I) took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 68, 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $649,900.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 18% 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 I) 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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