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For sale

$4,250,000

Est. $19,910/mo mortgage

0ba

2846-2870 Tokala Trail · London, N6G 0T9

MLS® X12872754

239 days on market239 days on market

Listed Mar 11, 2026

Listing courtesy of Thrive Realty Group INC.·Listing last changed Aug 28

Key facts

Property type
Vacant Land
Lot size
252.63 × 473.5 ft · 2-4.99 acres
Property tax
$11,450/yr (2025)

Description

2846-2870 Tokala Trail, London, Ontario - a prime land assembly in one of North London's fastest-growing and most desirable communities. Together, these two residentially zoned parcels comprise approximately 2.96 acres. A preliminary development concept for the property contemplates approximately 80 stacked townhouse units across four buildings, presenting a compelling opportunity for builders and developers to capitalize on strong demand for attainable housing in this thriving corridor. Purchasers may benefit from advancing the existing concept plan or exploring opportunities to refine the product mix, enhance density, or pursue alternative development strategies, subject to municipal approvals. Ideally positioned in the heart of North London, the site is surrounded by established neighbourhoods and exceptional amenities. Future residents will enjoy convenient walking access to everyday essentials including restaurants, cafés, and shopping, as well as Sunripe Freshmarket, Walmart, Canadian Tire, and numerous retail and service destinations. The area is also supported by excellent schools, parks, and major transportation routes, making it a highly attractive location for residential development. Opportunities to acquire nearly three acres of development land in this sought-after North London growth area are increasingly rare, making this an outstanding opportunity to secure a site with strong fundamentals, proven demand, and significant future upside.

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Property details

Building & lot

Type
Vacant Land, Other
Lot size
252.63 × 473.5 ft · 2-4.99 acres

Fees & taxes

Property tax
$11,450/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. Andre Bessette Secondary School, 380 m

Elementary

  • St. Gabriel Catholic Elementary School

    730 m · Grades JK-8

  • Northwest Public School

    880 m · Grades JK-8

  • Sir Arthur Currie Public School

    1.2 km · Grades JK-8

    Thames Valley District School Board

    8.5

Secondary

  • St. Andre Bessette Secondary School

    380 m · Grades 9-12

    London District Catholic School Board

    5.5
  • Sir Frederick Banting Secondary School

    2.7 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. $21,999/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$19,910
Property tax$954
Insurance (est.)$885
Utilities (est.)$250
Total monthly$21,999
Land transfer tax$92,725 on closing

Ontario LTT

$92,725

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
$4,250,000
Affordabilityneeds $940,000 household income

Minimum household income required

$940,000

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.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark REALTOR® is controlled by CREA and identifies real estate professionals who are members of CREA.

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