392 Second Street
NE, Strathroy-Caradoc, N7G 3H8
$3,450,000
Listed 16 days ago · MLS® X13859276
About this home
An exceptional opportunity for builders, developers, or investors to acquire a 1.62-acre residential lot in Strathroy-Caradoc now zoned R3-14-H2. The property has a recently approved minor variance for a 3-storey, 63-unit residential building, plus a conditional draft site plan agreement and architectural drawings for a 3 storey 48 unit residential building, which can shorten the path to construction. In the meantime, the property generates income from an existing 2,000 sq. ft. ranch-style bungalow, currently tenanted. This is a rare property in a growing Southwestern Ontario market, about 35 km west of London with convenient access to Highway 402, directly across from Strathroy District Collegiate Institute, Holy Cross Catholic Secondary School and Gemini Sportsplex.
Details
- Type
- Land
- Lot
- 175.44 × 401.01 ft
- Property tax
- $5,739 (2025)
- Neighbourhood
- NE
- Municipality
- Strathroy-Caradoc
Heating, cooling and services
- Utilities
- Yes
Building and exterior
- Building area
- 2 Acres
More
- Possession
- Flexible
- Cross street
- Second St./Adair Blvd.
- Business type
- Residential
History of this address
3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 0 parks.
Schools nearby
Elementary
- North Meadows Elementary School
EQAO: Gr 6 reading 84%, math 38%1.8 km
Secondary
- Holy Cross Catholic Secondary School Catholic
EQAO: Gr 9 math 52%, literacy test 85%3 min walk - Strathroy District Collegiate Institute
EQAO: Gr 9 math 43%, literacy test 75%4 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N7G
- Owners / renters
- 76% / 24%
- Median household income
- $85,000
- Average age
- 44
- Children under 15
- 17%
- Homes
- 69% detached
- Population
- 19,921
Languages spoken most at home besides English: Portuguese 2%, Spanish 0.2%, Dutch 0.1%, Dari 0.1%.
Safety
Crime Severity Index for Strathroy-Caradoc police: 37 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To downtown London: 29 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RIGHT AT HOME REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.