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For sale

$10,500,000

Est. $49,190/mo mortgage

0bd·0ba

2975 Tokala Trail · London North, N6G 3Y2

MLS® X12872748

196 days on market196 days on market

Listed Mar 11, 2026

Listing courtesy of Thrive Realty Group INC.·Updated Mar 13

Description

Now available for sale, 2975 Tokala Trail presents an exceptional 4.3-acre (1.74-hectare) development parcel prominently located at the southwest corner of Tokala Trail and Dyer Drive in the thriving Hyde Park neighbourhood of London, Ontario - one of the city's fastest-growing and most sought-after residential corridors. The property is zoned and draft plan approved for High Density Residential development (R9-7 D150 H45), with a thoughtfully designed concept envisioning two residential tower buildings connected at the second floor. The proposed plan incorporates street-oriented units with mezzanines, creating an engaging pedestrian-friendly streetscape while delivering approximately 320 residential units. Designed to help meet London's growing housing demand, the concept balances urban density with the Forest City's commitment to green space, livability, and thoughtful community integration. Ideally positioned within the Hyde Park commercial node, the site offers exceptional walkability and access to a full range of everyday amenities, including restaurants, cafés, shopping, Sunripe Fresh Market, Walmart, Canadian Tire, clothing retailers, professional services, and more. With immediate proximity to one of London's most dynamic residential and commercial growth areas, 2975 Tokala Trail represents a rare opportunity to secure a fully positioned high-density development site with significant long-term upside in a premier North London location.

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Property details

Building & lot

Type
Vacant Land, Other
Lot size
733.17 × 246 ft · 2-4.99 acres

Fees & taxes

Property tax
$36,378/yr (2025)

Location & neighbourhood

Directions
Hyde Park

London North, ON

Northwest London's premier family neighbourhood.

Monthly paymentest. $57,954/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$49,190
Property tax$6,326
Insurance (est.)$2,188
Utilities (est.)$250
Total monthly$57,954
Land transfer tax$248,975 on closing

Ontario LTT

$248,975

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$10,500,000

Listed Mar 11, 2026

On the market
Affordabilityneeds $2,483,000 household income

Minimum household income required

$2,483,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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