$2,199,000
For sale: Vacant Land

Property being sold under Power of Sale. Please allow 48 irrevocable. Excellent opportunity to acquire 12 acres of industrial land near the northeast corner of Veterans Memorial Parkway and Catherine Street. Site abuts Veterans Memorial Parkway and offers excellent exposure and easy access to highway 401. Property is zoned LI1 and LI2 and offers a wide array of uses including warehousing and manufacturing. Buildings on site include a farmhouse, barn and a storage shed, A copy of Schedule "A" in attachments to be included in all offers.
Sold data
Vacant Land homes in London East (East E) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 E) 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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