Homula Realty Brokerage
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13115 Furnival Road, West Elgin, ON N0L 1J0

Land
$3,399,000

Prime Commercial Land Opportunity - 55 Acres Bordering Highway 401 Discover an exceptional55-acre commercial property strategically located adjacent to Highway 401, just west of London, Ontario. Offering direct access to one of Canada's busiest transportation routes. 15-AcreProposed Development: Planning is underway for a truck stop and gas station with a food court, designed to attract both local and long-distance travelers. 40 Acres of Highway Commercial Land: Versatile space for development, ideal for, industrial facilities, or service-oriented businesses. Additional structures include: a double-story house and barn, which can be repurposed for various uses. This property offers a unique opportunity for investors and developers to leverage a high-traffic location for diverse commercial projects.

MLS number
X13092362
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0L 1J0
Photos
1
Property tax
$19,000 / year
129days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 548 people.

$88,000Median household income
90.2%Own their home
97.7%Detached houses
49.2Median age
10.5%Born outside Canada
17.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340215 — the few blocks around this address, home to 548 people. It describes the area, not this property.

548Population
44.3Average age
2.6Household size
$85,000Average household income
$88,000Median household income
90%Own their home
10%Rent
0%Condominiums
11%Born outside Canada
17%University degree
$640,000Average home value
8%Low income
57%Not in the labour force
21%Never married
$25,000 to $29,9992%
$30,000 to $34,9992%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over33%
$100,000 to $124,99910%
$125,000 to $149,9995%
$150,000 to $199,99912%
$200,000 and over5%

Percentages are of the 290 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$679,800 · minimum here is $679,800
$15,050.04per month
Borrowed before insurance$2,719,200
Total borrowed$2,719,200
Interest over 25 years at 4.5%$1,795,811

If you rented it out

-$16,633.37per month out of pocket
Rent$0.00
Everything it costs to hold$16,633.37
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX REALTY SPECIALISTS INC.. Listing data provided by the Toronto Regional Real Estate Board.