1539 Gloucester Road
London North, N6G 2S5·MLS® X12685658·
Listing courtesy of Sotheby's International Realty Canada·Updated Jan 12
Listing price
$3,485,000
Est. $16,598/mo
Days on market
Listed Jan 12, 2026
Description
A once-in-a-generation opportunity to create a fully custom residence, Gloucester Rd. is widely regarded as one of London's most prestigious and tightly held addresses. Rarely do development opportunities of this calibre become available, particularly one that backs directly onto the protected woodlands of the Medway Valley, offering enduring privacy, natural beauty, and a true sense of retreat within the city. This exceptional home will be crafted by award-winning Reis Design + Build, a builder celebrated for architectural precision, refined craftsmanship, and the execution of distinguished custom residences. The property offers complete design flexibility, allowing buyers to tailor every element to their personal taste, lifestyle, and long-term vision. A fully bespoke floor plan may also be created in collaboration with the builder. The current architectural concept reflects a timeless,stone-clad estate home with commanding street presence and classic proportions. Interior planning emphasizes generous principal rooms, elegant scale, and a refined flow ideal for both sophisticated entertaining and everyday living. A standout feature is the five-car garage, comprising three front-facing bays with two additional tandem spaces, offering exceptional functionality for car enthusiasts or active families. Backing onto the Medway Valley, the rear of the home presents a rare opportunity to create seamless indoor-outdoor living, with potential for covered terraces and tranquil views of the surrounding forest canopy, an irreplaceable natural backdrop that ensures long-term privacy. Pill Hill is steeped in history, known for its estate scale homes and legacy residents who shaped London's academic, medical, and cultural foundations. The location offers proximity to Western University, University Hospital, and the city's most established amenities, while remaining remarkably private and serene. Renderings are conceptual.
Property details
Garage
5 car Attached
Basement
Unfinished
Parking
10 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London North, ON
Leafy north London neighbourhood adjacent to the Medway Valley Heritage Forest.
Monthly payment estimate
Land transfer tax
Ontario LTT
$73,600
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$660,000
115 Acorn Crescent, London North
Sold$975,000
382 Plane Tree Drive, London North
See all 10 comparables
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Market conditions · North A
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$13,940
Rental yield
4.8%
Est. cash flow
-$7,410
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$800,609
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$3,485,000
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