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For sale

$10,500,000

Est. $49,190/mo mortgage

0ba

2975 Tokala Trail · London, N6G 3Y2

MLS® X12872748

239 days on market239 days on market

Listed Mar 11, 2026

Listing courtesy of Thrive Realty Group INC.·Listing last changed Mar 13

Key facts

Property type
Vacant Land
Lot size
733.17 × 246 ft · 2-4.99 acres
Property tax
$36,378/yr (2025)

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
Fox Hollow →

London North, ON

Master-planned north London neighbourhood with modern homes and family amenities.

Schools nearbyclosest is St. Gabriel Catholic Elementary School, 570 m

Elementary

  • St. Gabriel Catholic Elementary School

    570 m · Grades JK-8

  • Northwest Public School

    950 m · Grades JK-8

  • Sir Arthur Currie Public School

    1.4 km · Grades JK-8

    Thames Valley District School Board

    8.5

Secondary

  • St. Andre Bessette Secondary School

    640 m · Grades 9-12

    London District Catholic School Board

    5.5
  • Sir Frederick Banting Secondary School

    2.9 km · Grades 9-12

    Thames Valley District School Board

    5.7

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $54,660/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$49,190
Property tax$3,031
Insurance (est.)$2,188
Utilities (est.)$250
Total monthly$54,660
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

Mar 11, 2026Listed
$10,500,000
Affordabilityneeds $2,339,000 household income

Minimum household income required

$2,339,000

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

Not sure about financing? Call Colin at (226) 212-5099 or text

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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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