267-273 Broadway, Tillsonburg - Vacant Land for Sale

267-273 Broadway, Tillsonburg, Ontario, N4G3S5

1 ft²30,013 sq ft (0.68 ac) lotListed 194 days ago

Overview

This lot in Tillsonburg is for sale offering roughly 1 sq ft of space.

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Description

Unlock the potential of this rare 0.689-acre high-visibility assembly in the heart of Tillsonburg. Strategically located on Broadway, this offering consists of two separate deeded lots with significant frontage, positioned perfectly for a high-density residential or mixed-use development. While you plan your project, enjoy strong holding income from two meticulously maintained buildings: a charming single-family home and a versatile duplex. Both are fully tenanted with excellent occupants and have been kept in top-tier condition. With Tillsonburg being one of Ontario's fastest-growing communities, this is a "land bank" opportunity that pays for itself. Capitalize on the downtown core's intensification policies and shape the future of Broadway. (id:66096)

Property Details

MLS®: X13039922
Property Type: Vacant Land
Zoning: R1
Interior Size: 1 ft²
Lot Size: 30,013 sq ft (0.68 ac)
Frontage: 179 ft
Price per Acre: $3,265,585 per acre
Property Tax: $7,877.88/yr
Listed: 194 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

194d

Tillsonburg listings, avg age

77d

Price / ft²

$2,250,000

List price

$2.25M

Homes here sell slower than most markets

Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Tillsonburg is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal Lepage R.E. Wood Realty Brokerage · Dane Willson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4G)

This home lists at $2,250,000, about 30.0× the local median household income of $75,000.

Carrying it typically needs a household income of about $439,504 (20% down, 25-yr amortization, stress-tested) — roughly 486% above the area median.

Median household income: $75,000
Population: 21,519
Median age: 47.6
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N4G)

$2,250,000· $2,250,000/ft²

For sale

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Financing

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