The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Own the corner. HC-zoned commercial land at one of Belmont's highest-visibility intersections - Borden Avenue (County Road 34) and Lorne Street - in a village growing fast, just 20 minutes from London and 12 from St. Thomas.This location already works. The property anchors a proven commercial node, flanked by a gas station, convenience, and Tim Hortons to the west and an auto dealership and service shop to the east. Borden Avenue is the main artery through town - thousands of eyes on this corner every day. Zoned HC (Highway Commercial), the door is wide open: retail, office, restaurant, personal service, automotive, medical, and more. At ~800.6 sq m, it's one of the last commercially zoned parcels left in the village - two driveway accesses, full municipal sewer connected, services in place and ready to build. Want to double down? Severance potential into two parcels means two buildings, two tenants, two income streams - or one signature commercial build that owns the intersection. Corners like this don't come twice. Survey and appraisal available. Buyers to satisfy themselves through independent due diligence.
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,933/mo
Mortgage (principal + interest)$1,717
Property taxFrom listing: $2,593/yr$216
Minimum $22,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$91,800
Ontario land transfer taxProvincial brackets, no first-time refund$5,655
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$100,255
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Central Elgin has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
