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.
Prime Development Site/Vacant Land Site available For Sale in Northwest London. Rare opportunity to purchase a 0.965 acre site, along Hyde Park Rd in the highly desirable Northwest area of London. Ideal property size and location to Build your own building and or Build your own mixed-use Residential / Commercial building or Retirement home or Medical facility etc.. There are currently 2 tenants willing to continue leasing the existing buildings/property, providing rental income currently of $7,000.00 per month. This presents an opportunity for a purchaser to generate Interim Income while advancing redevelopment plans for the property. Site Area: 0.965 acres. Site has direct exposure and access to Hyde Park Rd. Site Dimensions: 234.86 ft x 179.00 ft x 234.49 ft x 179.59 ft. Current Zoning: BDC1/BDC2 - Permits a wide range of uses. New Improved Asking Price: $3,465,000. Located just down the street from Canadian Tire, Walmart, Golf Town, Rona, Mandarin Restaurant, Winners, Marshalls, Homesense, Gap, SportChek, Rexall etc. Located rapidly growing Residential and Commercial node in London. Several new residential and commercial developments in the area, including low, medium, high rise residential developments and mixed-use developments. This vibrant location offers a perfect blend of commercial and residential potential, ideal for higher density commercial / residential development. The proposed 6-storey mixed-use building, featuring 70 residential units with approx. 8,900 sq ft of ground-floor commercial space, aligns seamlessly with the City of London's plan and vision for the area and for these types of infill development sites. A Buyer could look at modifying / revising the zoning to bonus up the building density and add 2 more storeys as a retirement home / residential development etc.. Municipal services and utility services are available to the site.
Property Details
Listing
MLS® number
X13667448
Status
For Sale
Listed
Aug 11, 2026
Last updated
Aug 12, 2026
Possession
Immediate
Building
Type
Commercial
Style
Commercial Retail
Approx. age
Not provided by brokerage
Approx. size
Not provided by brokerage
Basement
Not provided by brokerage
Lot
Frontage
179.59 ft
Depth
234.49 ft
Lot area
≈ 42,112 ft² (calculated)
View
Not provided by brokerage
Community
North I
Parking & utilities
Garage
None
Driveway
Not provided by brokerage
Heating
None
Cooling
No
Water / sewer
Not provided by brokerage
Taxes
Property tax
$19,165 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Heating: None
Cooling: No
Exterior
Cross street: Located directly on Hyde Park Road, just south of Gainsborough Road.
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$14,559/mo
Mortgage (principal + interest)$12,962
Property taxFrom listing: $19,165/yr$1,597
Minimum 20% ($693,000 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$693,000
Ontario land transfer taxProvincial brackets, no first-time refund$73,100
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$768,900
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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