42687 Water Tower Line is a 2-bedroom land in St. Thomas, Central Elgin, listed for $1,200,000.
1Explore the possibilities on approximately 5 picturesque acres at 42687 Water Tower Line in Central Elgin.
2Beautiful trees, natural surroundings and a scenic Kettle Creek setting close to Waterworks park create an exceptional backdrop for a private estate or potential development of premium residential lots.
3Potential configurations could include a single estate lot or residential subdivision subject to all required approvals.
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2 Bed Lots & Land in St. Thomas, Central Elgin
About 42687 Water Tower Line
Explore the possibilities on approximately 5 picturesque acres at 42687 Water Tower Line in Central Elgin. House and shop to be retained by Seller. Beautiful trees, natural surroundings and a scenic Kettle Creek setting close to Waterworks park create an exceptional backdrop for a private estate or potential development of premium residential lots. Conveniently located within a short commute of London and St. Thomas, this property combines country appeal with easy access to city amenities. Potential configurations could include a single estate lot or residential subdivision subject to all required approvals. No final lot configuration has been established. Buyers are responsible for completing all due diligence regarding zoning, servicing, severance or subdivision potential, permitted uses and development approvals.
2 bedrooms. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 42687 Water Tower Line
Every detail from the listing, in one place.
Type
Land
Lot size
301.14 x 967.11 Feet
Features & systems
Lot & land
Lot dimensions
301.14 x 967.11 Feet
Lot size (sqft)
0
Listing & possession
Property class
Land
42687 Water Tower Line Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14119502$1,200,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 42687 Water Tower Line Compares to the Central Elgin Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Living in St. Thomas, Central Elgin: Location & Amenities
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 42687 Water Tower Line
Homes for sale in Central Elgin
Every active Central Elgin MLS® listing, updated all day.
Average days on market62Homes sold in about 62 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings118Homes for sale here right now.
Median vs prior 90 days−4.5%Compared with Apr 30 – Jul 29, 2026: prices down.
Based on 92 sales from Jul 29 – Oct 27, 2026 (72 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 42687 Water Tower Line
How much is 42687 Water Tower Line listed for?
42687 Water Tower Line is listed at $1,200,000 (MLS® X14119502). Summitly updates the price as soon as the MLS® record changes.
Has the price of 42687 Water Tower Line changed?
No — 42687 Water Tower Line is still listed at its original asking price of $1,200,000.
How many bedrooms and bathrooms does 42687 Water Tower Line have?
42687 Water Tower Line has 2 bedrooms. It is a lot in St. Thomas, Central Elgin.
How does 42687 Water Tower Line compare with other homes in Central Elgin?
Its asking price of $1,200,000 is about 94% above the median sold price in Central Elgin over the last 90 days, $619,950, across 92 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 42687 Water Tower Line been sold before?
Summitly has no earlier MLS® sale or lease of 42687 Water Tower Line on record from the last two years. Older records aren't shown under TRREB rules.
What neighbourhood is 42687 Water Tower Line in?
42687 Water Tower Line is in St. Thomas, Central Elgin. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 42687 Water Tower Line been on the market?
42687 Water Tower Line was listed today (October 27, 2026).
What is the lot size of 42687 Water Tower Line?
The lot measures 301.14 × 967.11 Feet, as published in the listing.
What is the land transfer tax on 42687 Water Tower Line?
About $20,475 in Ontario land transfer tax at the asking price of $1,200,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 42687 Water Tower Line or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 42687 Water Tower Line?
The listing for 42687 Water Tower Line doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Central Elgin.
When was 42687 Water Tower Line built?
The listing for 42687 Water Tower Line doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.