138 Borden Ave - Commercial LAND FOR SALE


Belmont, ON N0L 1B0 8,599 SF
$459,000 CAD
138 Borden Ave, Belmont, ON for Sale
$459,000 CAD
Commercial LAND - FOR SALE
1/3
8,599 SF

138 Borden Ave
Belmont, ON N0L 1B0


HIGHLIGHTS

  • One of the last commercial properties in the growing town
  • Corner lot across from gas station and Tim Hortons
  • 10 minutes from 2 new factories (Volkswagon and Amazon) hiring thousands

OVERVIEW

Rare Highway Commercial (HC) zoned corner lot in the growing Municipality of Central Elgin — one of the last available commercially zoned parcels in Belmont, Ontario. This is an investment and development opportunity, not a residential sale. Situated at the high-visibility intersection of Borden Avenue (County Road 34) and Lorne Street, the property comprises two equal parcels totalling 800.6 sq metres (8,620 sq ft) with dual street frontage — one driveway on Borden Ave, one on Lorne Street — physically demonstrating the two-lot configuration. The property currently generates $1,600/month rental income from a renovated bungalow on a commercial lease. Tenant can be vacated in 60 days. No Landlord and Tenant Board process applies. A professional severance and development file is fully assembled and available to qualified buyers, including: registered survey by Kim Husted Surveying Ltd., proposed severance sketches (Parcel A and Parcel B, each 400.3 sq m), building envelope illustration, Concept Plan prepared by Nethery Planning (March 2025), pre-consultation record with Municipality of Central Elgin, and current appraisal at $450,000. The Municipality has indicated openness to commercial development and severance into two independent commercial lots. HC zoning permits retail, office, personal service, restaurant, automotive, medical, and residential uses — maximum flexibility for any buyer. Located 12 minutes from St. Thomas, site of the Volkswagen EV battery plant and Amazon expansion currently under construction. Located 20 minutes from London, Ontario. Belmont is directly in the path of the strongest regional growth corridor in southwestern Ontario. Immediate neighbours include a gas station, Tim Hortons, and an automotive dealership — established commercial traffic at this intersection already. Property is connected to municipal sewer. Two independent driveway accesses. Appraisal on file. No real estate commission — private sale direct from registered owners. Full Investment and Development Package available upon request including financial scenarios, development renders, and complete planning file. Suitable for: commercial developer, mixed-use builder, live/work entrepreneur, fix-and-flip investor, or buy-and-hold commercial income buyer. Serious inquiries only. KOBinvestmentsinc@gmail.com

FOR SALE DETAILS

PRICE

$459,000 CAD

PRICE/ACRE

$2,324,886/AC

PRICE/SF

$53 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Commercial Property

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Multi-Family, Apartment Units, Auto Dealership, Auto Repair, Bar, Car Wash, Convenience Store, Day Care Center, Drug Store, Hold for Investment, Open Space, Planned Unit Development, Restaurant, Single Family Development, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Single Family Residence, undefined

LAND ACRES

0.2 AC

LAND SF

8,600 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

HC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Keith BeresqKOB investmentsMore Info

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