Homula Realty Brokerage
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2643 OLD VICTORIA Road, London South, ON N6M 1B8

Investment
$8,750,000

ATTENTION INVESTORS! PRIME LOCATION Directly borders Bradley Ave and Old Victoria Road directly across from London's Innovation Park - 46-acre haven, strategically positioned near the 401 Exit and minutes from London's thriving communities. A prime opportunity for investors eyeing future development or crafting a dream country retreat. With dual road frontage along Old Victoria Road and Bradley Ave, this transcends a mere farm - an enclave of potential. Currently, 35 productive acres are rented and planted in a coverage crop. Nestled within this stunning property is approximately 9000 sq. ft. Residence radiating Timeless European Design, Excellent Craftsmanship, and High-End Finishes. Handcrafted solid Oak Doors, Crown Moldings, Trim, and Flooring grace every living space. Don't miss the opportunity to own this property located in the City of London.

MLS number
X13787408
Type
Investment
Status
Active
Bedrooms
—
Bathrooms
5
Postal code
N6M 1B8
Photos
25
Property tax
$8,759 / year
1days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Jackson Meadows Public School
Thames Valley DSB
Elementary2.2 kmNot reported

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 728 people.

$120,000Median household income
93.2%Own their home
100%Detached houses
36.8Median age
30.5%Born outside Canada
28.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390838 — the few blocks around this address, home to 728 people. It describes the area, not this property.

728Population
36.6Average age
3.3Household size
$133,000Average household income
$120,000Median household income
93%Own their home
7%Rent
0%Condominiums
31%Born outside Canada
28%University degree
$680,000Average home value
4%Low income
28%Not in the labour force
29%Never married
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over41%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,99916%
$200,000 and over7%

Percentages are of the 345 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.

$1,750,000 · minimum here is $1,750,000
$38,743.11per month
Borrowed before insurance$7,000,000
Total borrowed$7,000,000
Interest over 25 years at 4.5%$4,622,932

If you rented it out

-$39,473.02per month out of pocket
Rent$0.00
Everything it costs to hold$39,473.02
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 ROYAL LEPAGE TRILAND REALTY. Listing data provided by the Toronto Regional Real Estate Board.