PT LT 59 QUEEN STREET, West Elgin (Rodney)

$540,000

For sale: Other

Other at PT LT 59 QUEEN STREET, West Elgin (Rodney)
Property type
Farm
MLS®
MLS® X13860624
Neighbourhood
Rodney

An exceptional opportunity awaits with this +/- 7 acre parcel located in the growing community of Rodney, Ontario. Zoned Future Residential, this property offers potential for developers or investors looking to build in an area poised for expansion. Situated just minutes from Highway 401, the location provides convenient access to major centres, just 50 minutes to London, 40 minutes to Chatham, and only 10 minutes to Lake Erie and Port Glasgow. The property's strategic setting near existing residential neighbourhoods and town amenities makes it an excellent choice for future development or investment. Services include natural gas, hydro and municipal water. Could be purchased with adjoining farm parcel (65 acres) as well as farm parcel to the south (53 acres).

Sold data

Homes in Rodney — recent sold market

Homes in Rodney took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 57, across 35 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.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 $399,900.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$399,900
Sale-to-list ratio
95.8%
Sold above asking
11%

Based on 35 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near PT LT 59 QUEEN STREET