1553 Hyde Park Road, London North, ON N6H 5L5, London North, ON
0.965 sqft
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. Located just down the street from Canadian Tire, Walmart, Golf Town, Rona, Mandarin Restaurant, Winners, Marshalls, Homesense, Gap, Sportchek, Rexall etc. Located in a 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 SF 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. Site Area: Approx. 0.965 acres. Site has direct exposure and access to Hyde Park Rd. Approx. 234.86 ft x 179.00 ft x 234.49 ft x 179.59 ft. Current Zoning: h-8*h-108*BDC1/BDC2. Permits a wide range of uses. Asking Price: $3,650,000. Existing Tenant / Owner would potentially entertain leasing back the existing buildings until redevelopment of the site occurs.
Property Highlights
For Sale
MLS NO.
X12125630
Type
Commercial
Sub Type
Land
Square Footage
0.965 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12125630
Security Features
No
Lot Width
179.59
Lot Size
0.965
Lot Size Units
Acres
Cooling
No
Heat Type
None
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1553 Hyde Park Road, London North, ON N6H 5L5
City
London North
Neighbourhood
North I
County / Region
Middlesex
Province / State
ON
Postal Code
N6H 5L5
Cross Street
Located directly on Hyde Park Road, just south of Gainsborough Road.
Directions
Hyde Park Road between Carriage Road and Gainsborough Rd. East side of the street.
Country
CA
List Price
$3,650,000
Annual Taxes
$18,080
Tax Year
2024
Legal Description
PART OF LOT 24 CONCESSION 3 AS IN 554884; SAVE & EXCEPT PART 13, 33R18316; LONDON/LONDON TOWNSHIP
Possession Type
Immediate
Possession Details
Flexible
Listing Office
CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Board
London and St. Thomas Association of REALTORS
Original Entry
2025-05-05T20:17:04Z
Media Updated
2025-05-05T20:17:04Z
Photos Updated
2025-05-05T20:17:04Z
Last Modified
2025-11-26T15:51:11Z
System Modified
2025-11-26T15:51:11.253488Z
MLS Status
Extension
Basement Yn
No
Ddfyn
Yes
Expiration Date
2026-07-30
Heat Type Multi
None
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
080643041
Public Remarks
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. Located just down the street from Canadian Tire, Walmart, Golf Town, Rona, Mandarin Restaurant, Winners, Marshalls, Homesense, Gap, Sportchek, Rexall etc. Located in a 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 SF 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. Site Area: Approx. 0.965 acres. Site has direct exposure and access to Hyde Park Rd. Approx. 234.86 ft x 179.00 ft x 234.49 ft x 179.59 ft. Current Zoning: h-8*h-108*BDC1/BDC2. Permits a wide range of uses. Asking Price: $3,650,000. Existing Tenant / Owner would potentially entertain leasing back the existing buildings until redevelopment of the site occurs.
