116 Main Street, Southwest Middlesex, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Glencoe. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $695,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 77.23 x 777.78 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient none heating
Description
Prime vacant development land for sale in Glencoe, ON. A rare infill development opportunity with Main Street access. Developers may benefit from local tax incentives and grants designed to promote economic development and revitalization in the region. An ideal residential development site situated in a growing town that sits halway between the cities of London and Chatham Ontario. Also, available For Sale: 126 Main Street: Building Total SF: Approx. 78,000 SF ib 5.801 Acres of Land. This Excess Vacant Land available For Sale. Pt Lot 12: Approx. 4.056 Acres. The excess vacant land could be sold separately (listed separately). Warehouse/Industrial SF: Approx. 65,800 SF Office SF: Approx. 3,500 SF and former Retail Area Approx. 8,700 SF former Tender Tootsies store. Dock and Grade Loading. Office area air conditioned. Clear Height: majority Approx. 10-12 Feet and one section 16-17 Feet. Gas heating. Sprinkler system installed in the building. LED lights in sections of the building. Asking Prices: Building Only: $3,125,000 - Zoned M1 Building and Excess Land: $3,820,000 - Zoning M1 and FR-H-2 Excess Land Only 4.056 Acres: $695,000 - Zoning FR-H-2 - Future Residential Holding
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 116 Main Street, Southwest Middlesex, ON N0L 1M0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Southwest Middlesex, ON
For a property listed at $695,000 in Southwest Middlesex, the legal minimum down payment is $44,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,375 for this transaction. As this listing is in Southwest Middlesex (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.