156 Borden Avenue, Central Elgin (Belmont), ON N0L1B0
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Listing Type
Lots/Land
Listing Status
active
19
$495,000
Home Details for 156 Borden Avenue
Price
$495,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
138
Listing #
X12139703
Property Description
Prime Commercial Investment Opportunity - High Visibility Location. Unlock the potential of this uniquely positioned commercial property in a rapidly developing corridor. Zoned Hamlet Commercial with strong potential to upgrade to Highway Commercial - the Town has expressed openness to this transition. Located directly across from a newer Tim Hortons and Esso gas station, this high-traffic site is ideal for a wide range of commercial uses. Just minutes from Highway 401 and the City of London, the property offers excellent accessibility and exposure for businesses.The Town Planner has indicated support for mixed-use development, including commercial units on the ground level with residential units above (see illustrative concept drawing for inspiration).Currently on the property is a 785 sq/ft 3-bedroom bungalow, rented and generating income, offering holding potential while development plans are finalized.Property is being sold as-is. A rare opportunity for savvy investors or developers looking to capitalize on location, zoning flexibility, and growth potential. (id:31684)
Property Features
Listing Courtesy: Dotted Line Real Estate Inc Brokerage
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Market statistics compiled from data from Canadian Real Estate Association.