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$550,000.00 CDN - File 87 - 9.8 ACRES of Development property in Wallacetown Ontario

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If you are an INVESTOR or a DEVELOPER then you should look at this primo property!

AN INVESTMENT PROPERTY

Are you looking for a family investment project?

Where you can develop a property and provide a building lot for each of your children and other family members and in effect create your own family compound where you can have all your family in one location?

Land is certified organic.

Use the property to build your dream custom home or operate a hobby farm or business or take advantage of the official plan that designates the land as Multi-residential.

A DEVELOPMENT PROPERTY

Are you looking for an investment project where you are the developer and can subdivide a property and create anywhere from 10-13 residential lots to sell to the public and make an excellent return on your investment?

You can also take advantage of the official plan that designates the land as Multi-residential.

STRICTLY AN INVESTMENT

Owning a property that has tremendous development potential is so much better than keeping your money in a bank account where you earn very little interest.

Prime land such as this one will increase in value every year as demand for large residential properties grow each and every year.

WANT TO BE A HOBBY FARMER?

This Land is certified organic.

Just imagine what you can grow.

 

We are offering this prime property of 9.8 acres of flat land covered in beautiful white pines.

These pines are tall and beautiful and really enhance the property.

 

Located only 6km to highway 401, 3km to Lake Erie & and short drive to London Ontario.

 

This 9.8 acre property already comes with a 66 foot road allowance entrance from Currie Road.

That gives you legal access into your property.

The property is nice and level and dry.

There is a large manmade pond about 65 feet by about 285 feet long on the back of the property that backs on to the Wallacetown Fairgrounds.

Imagine building your house on this section of the property and having this huge pond in the back yard!

 

Currently there is just under 2,000 square feet of garage and shop space located on the property. New steel roof being installed in spring of 2020.

Shop 1:                 18 x 40-foot shop with 15-foot ceilings, concrete floors, wood stove and 12’ Bay door

Shop 2:                 18 x 40-foot shop with 15-foot ceiling, dirt floor and open bay door

Garage:                Over sized Double garage

There are no other buildings on the property other than the garage.

 

This property is centrally located so that you can enjoy the summer months with a short walk to all the events being held at the fairgrounds and in the area.

 

Hydro, natural gas, city water, Bell, and True Fibre Internet are all located at the entrance and can be brought into the property.

 

NEED SOME HELP to buy this property?

If a buyer has a 40% down payment ($ 200,000) then the seller is willing to finance the balance of the purchase price ($299,000) as an OPEN MORTGAGE.

Let us help you pick the term and amortization that best suits you and DON’T FORGET that this is an OPEN MORTGAGE so you can pay it off any time without any penalty.

 

NEED HELP TO DEVELOP?

Call us today as we have some conceptual plans and ideas as to how this property can be developed and will be happy to discuss them with you.

 

SO WHERE IS WALLACETOWN?

Wallacetown is a small community with big heart located in western Elgin County in Southwestern Ontario, Canada.

The City of London is located about 28 miles [45 km] to the northeast of Wallacetown.

The City of Sarnia is located about 50 miles [80 km] to the northwest of Wallacetown.

The community is only 6 kilometers to highway 401 and only 3 kilometers to Lake Erie.

Latitude: 42.6334° or 42° 38' 0.2" north

Longitude: -81.4665° or 81° 27' 59.2" west

Property Photos

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