$374,900
For sale: Vacant Land

Exceptional development opportunity in the heart of Downtown London! 150 Adelaide St N,together with adjacent 152 Adelaide St N, offers over 10,000 sq. ft. of prime commercial land with flexible zoning permitting a wide range of uses. Ideal for a boutique 2-storey commercial plaza, medical/professional office building with basement parking, car wash and coin laundry combination, retail uses, service commercial operations, and many other permitted commercial developments. Strategically located in a rapidly growing, high-density urban corridor surrounded by numerous high-rise residential buildings, established businesses, and strong pedestrian and vehicle traffic. Excellent exposure, convenient access to major transit routes,and a large local customer base make this a rare investment and development opportunity. Buyers are advised to conduct their own due diligence regarding zoning, permitted uses, and development potential. Both lots can be sold together or separately.
Sold data
Homes in East L took a median of 20 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 53, across 52 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $399,900.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 52 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 L) 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.
Currently for sale

$374,900
Vacant Land150 ADELAIDE STREET N, East L, London East

$379,999
Townhouse21 - 101 BROOKSIDE STREET, South I, London South

$359,900
Detached211 HIGHBURY AVENUE N, East M, London East

$369,900
Townhouse116 - 70 FIDDLERS GREEN ROAD, North P, London North

$389,000
Apartment67 - 1990 WAVELL STREET, East I, London East

$359,900
Townhouse30 - 101 HIGHVIEW AVENUE E, South P, London South

$360,000
Townhouse28 - 474 SOUTHDALE ROAD E, South Q, London South

$389,900
Townhouse61 - 511 ADMIRAL DRIVE, East I, London East