$325,000
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. This centrally located lot is ideal for multi-family, multi-unit dwellings with additional dwelling units. A rare chance to secure land with flexible zoning in the heart of the city.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.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

$314,900
Vacant Land6305 HEATHWOODS AVENUE, South V, London South

$350,000
Vacant LandLOT 24 DINGMAN DRIVE, South W, London South

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

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

$350,000
Vacant Land2 JAMES STREET, Melbourne, Strathroy-Caradoc

$374,900
Vacant Land947 DEARNESS DRIVE, South Y, London South

$249,900
Vacant Land36 THIRD AVENUE, St. Thomas, St. Thomas

$349,900
Vacant Land23127 VALLEYVIEW ROAD, Rural Thames Centre, Thames Centre