HC ZONED COMMERCIAL CORNER LOT WITH INCOME
138 Borden Avenue, Belmont, Ontario | $459,000 CAD | Private Sale
Property Overview
Highway Commercial (HC) zoned corner lot at the intersection of Borden Avenue (County Road 34) and Lorne Street in Belmont, Municipality of Central Elgin, Ontario. Total lot area 800.6 sq metres (8,620 sq ft) across two equal parcels with dual street frontage. Connected to municipal sewer. Two independent driveway accesses.
Income In Place
Existing renovated bungalow (~900 sq ft) generating $1,600/month on a commercial lease. Tenant vacatable in 60 days. No LTB jurisdiction applies.
Development File — Already Assembled
This is not a raw lot. A complete professional development file is in hand and available to qualified buyers:
— Registered survey, Kim Husted Surveying Ltd. (2023)
— Proposed severance — two equal parcels, each 400.3 sq m, each with independent street frontage
— Building envelope illustration — 157.4 sq m buildable area on severed parcel
— Concept Plan by Nethery Planning (March 2025) — two-storey Live/Work commercial/residential build proposed on severed lot, GC zone
— Pre-consultation record with Municipality of Central Elgin
— Municipality has indicated openness to commercial development and two-lot severance
— Current appraisal on file at $450,000
Location & Growth Story
— 12 minutes from St. Thomas — Volkswagen EV battery plant and Amazon expansion under construction, thousands of jobs incoming
— 20 minutes from London, Ontario
— Immediate neighbours: gas station/Tim Hortons (west), automotive dealership (east)
— Belmont is in the direct growth corridor between London and St. Thomas
Zoning
HC — Highway Commercial. Permitted uses include retail, office, restaurant, personal service, automotive, medical, and residential. Severed parcel proposed for GC — General Commercial rezoning per Nethery Planning Concept Plan.
Terms
$459,000 CAD | Private sale — no commission | Possession flexible
Full Investment and Development Package available upon request.
?? KOBinvestmentsinc@gmail.com
