$249,900
For sale: Vacant Land

Prime development opportunity in St. Thomas with R3 zoning, allowing for a range of multi-unit residential uses. This vacant parcel offers excellent potential for builders and investors looking to develop in a growing community with increasing rental demand. Ideal for multi-unit dwelling with additional residential units, or other permitted residential uses. A rare chance to secure land with flexible zoning in a high-growth market.
Sold data
Homes in St. Thomas took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 51, across 160 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $529,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 160 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$279,000
Vacant Land42420 JOHN WISE LINE, Rural Central Elgin, Central Elgin

$282,000
Vacant Land10263-1 TALBOTVILLE GORE ROAD, Talbotville, Southwold

$250,000
Vacant Land25 UNION STREET, Vienna, Bayham

$249,900
Vacant Land483 TANYA STREET, NE, Strathroy-Caradoc

$325,000
Vacant Land94 CHESTNUT STREET, St. Thomas, St. Thomas

$275,000
Vacant Land6 SYCAMORE DRIVE, Tillsonburg, Tillsonburg

$248,000
Vacant Land185 JOHN (LOT) STREET, Ingersoll - North, Ingersoll

$225,000
Vacant Land237 FREDERICK STREET W, Rural Southwest Middlesex, Southwest Middlesex