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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A once-in-a-generation opportunity to create a fully custom grand estate residence on Gloucester Rd., one of London's most prestigious and tightly held addresses. Rarely does a redevelopment opportunity of this calibre become available, particularly one backing directly onto the protected woodlands of the Medway Valley, offering privacy, natural beauty, and a sense of retreat within the city. Envisioned as an elegant 3,100+ sq. ft. single-storey estate residence, the home will be crafted by award-winning Reis Design + Build, celebrated for architectural precision, refined craftsmanship, and distinguished custom homes. Buyers may personalize every element to suit their lifestyle, aesthetic, and long-term vision. The current concept presents a timeless stone and brick-clad estate home with classic proportions and commanding street presence. Large principal rooms, 10ft ceilings, oversized windows, and an open layout are envisioned for elegant entertaining and effortless everyday living. Flanking the residence is an attached four-car garage, thoughtfully integrated into the architecture while providing exceptional functionality for multiple vehicles, collector cars, storage, or an active lifestyle. At the rear, the home's privileged position overlooking the Medway Valley creates an exceptional opportunity for seamless indoor-outdoor living, with a covered terraces, expansive glazing, and tranquil views of the forest canopy-an irreplaceable natural backdrop offering perhaps one of the last new construction opportunity in this area. Located within historic Pill Hill, known for its estate-scale residences and legacy residents who helped shape London's academic, medical, and cultural foundations, the property offers proximity to Western University, University Hospital, and the city's most established amenities while remaining remarkably private. Renderings are conceptual.
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Age Groups
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$11,222/mo
Mortgage (principal + interest)$11,222
Minimum 20% ($599,980 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$599,980
Ontario land transfer taxProvincial brackets, no first-time refund$61,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$664,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. London North has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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 information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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