2846-2870 Tokala Trail, London North (North S) - Vacant Land for Sale
2846-2870 Tokala Trail, London North (North S), Ontario, N6G0T9
0 baths253 × 474 ft (2.74 acres) lot
$4,250,000
London North
2846-2870 Tokala Trail, London North (North S), Ontario, N6G0T9
$4,250,000
London North
This lot in London North is for sale.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 238 days on market, against an average age of 93 days across the listings currently for sale in this city
This vacant land in London North (North S) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $4,250,000, about 44.3× the local median household income of $96,000.
Carrying it typically needs a household income of about $830,174 (20% down, 25-yr amortization, stress-tested) — roughly 765% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6G)
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