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156 Borden AVE Central Elgin, ON N0L 1B0
8,654 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,654 sqft
Price per Sqft $57
Subdivision Belmont
MLS Listing ID X12139703
Annual Tax Amount $2,577
Tax Year 2024
Property Sub-Type Land
Lot Depth 132.0
Lot Front 66.0
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.
Location
Province ON
County Elgin
Community Belmont
Area Elgin
Zoning C
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 132.0
Listed by Dotted Line Real Estate Inc Brokerage
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