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1539 Gloucester Road

London North, N6G 2S5·MLS® X12685658·

Listing courtesy of Sotheby's International Realty Canada·Updated Jan 12

For sale
1 / 4
4Beds
4Baths
3,500-5,000Sqft
NewYear Built

Listing price

$3,485,000

Est. $16,598/mo

Days on market

153

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

$3,485,000At Market
$3,275,900$3,694,100

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Medway Heights

London North, ON

Leafy north London neighbourhood adjacent to the Medway Valley Heritage Forest.

Monthly payment estimate

Mortgage (5.24%, 25yr)$16,598
Property tax$3,775
Insurance (est.)$726
Utilities (est.)$250
Total monthly$21,350

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

Jan 12, 2026Listed
$3,485,000

Sold comparables nearby

115 Acorn Crescent, London NorthSold

$660,000

115 Acorn Crescent, London North

3 bd·3 ba·1,500-2,000 sqft
382 Plane Tree Drive, London NorthSold

$975,000

382 Plane Tree Drive, London North

4 bd·3 ba·2,000-2,500 sqft

See all 10 comparables

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Market conditions · North A

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$800,609

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$3,485,000

At Market

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