$4,250,000
Est. $19,910/mo mortgage
2846-2870 Tokala Trail · London North, N6G 0T9
MLS® X12872754
Listed Mar 11, 2026
Listing courtesy of Thrive Realty Group INC.·Updated Aug 28
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)
Monthly paymentest. $23,606/mo all in
Monthly payment estimate
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
Listed Mar 11, 2026
Affordabilityneeds $1,008,000 household income
Minimum household income required
$1,008,000
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.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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