$995,000
For sale: Vacant Land

Prime Infill Development Opportunity situated less than 10 mins from Fanshawe College! Attention developers and builders - This parcel is zoned R6-5(114) with approved plans for 10 unit towns(seller has plans and site-plan) and further giving you a multitude of options such as single, semi detached, duplex, triplex townhouse dwellings. This prime lot offers exceptional potential for residential infill medium-density housing options (subject to approvals). Located just steps from schools, parks, shopping, and essential amenities and major bus routes.
Sold data
Vacant Land homes in London East (East N) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 N) 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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