Description

Prime vacant land opportunity in desirable Byron at 338 Boler Road, ideally located next to the shopping centre at Commissioners Road West and Boler Road. Zoned R3-1(18), the property is currently planned for a four-unit development, with plans prepared and much of the preliminary legwork already completed. The site may also offer potential for a 5+ unit project, subject to buyer due diligence and required approvals. An excellent opportunity for builders, developers or investors looking for a well-located infill site in an established neighbourhood. Additional potential may exist by combining this parcel with adjacent property at 330 Glenrose Drive to create a larger development opportunity. (id:66096)

Market Timing

Days on market

28d

London South (South B) listings, avg age

72d

List price

$735K

Haho

This vacant land in London South (South B) has been listed for 28 days, which is 44 days fresher than the city average of 72. Act while there is still low competition.

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Area context

Neighbourhood profile (N6K)

This home lists at $734,900, about 7.3× the local median household income of $100,000.

Carrying it typically needs a household income of about $143,552 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $100,000
Population: 37,596
Median age: 44.4
Owner / renter: 70% / 30%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N6K)

$734,900

For sale

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Financing

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338 Boler Road, London South (South B) - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N6K)

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