$12,000,000
For sale: Vacant Land

Rare opportunity to purchase over 66 acres within City of London limits. Ideally located a short distance from 401 access and the Summerside neighborhood, the potential for future development is high. Roughly 15 minutes from the Amazon, and newly announced Volkswagen plants. The property consists of lush high-quality bush, that would make for an excellent building site. A portion of land is currently being farmed. Property is to be purchased with PART LOT 3, CONCESSION 3 AS IN 641663 TOWN OF WESTMINSTER; ROLL 393608001014900 PIN 081960009.
Sold data
Vacant Land homes in London South (South BB) 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 62 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 77 days.
The median sale price was $659,350.
Homes sold for about 2.1% 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 62 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 South (South BB) 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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