1553 Hyde Park Road
London North, ON
- 0.96 sqft
- Land
- 494 days on market
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.
Listing Details
- Taxes (2024)
- $18,080
- Listed
- May 4, 2025
Price History
Listing history
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Property
- Lot Size
- 179.59 x 234.49 Feet
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Located directly on Hyde Park Road, just south of Gainsborough Road.
- Zoning
- h-8*h-108*BDC1/BDC2
- Parcel Number
- 080643041
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Residential
Community
Postal area N6H
- Population
- 44,215
- Private dwellings
- 20,694
- Median age
- 38.8
- Average household size
- 2.3
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London North · last 12 months
- Median sold price
- $650,125
- Homes sold
- 1,378
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 1,378 recorded sales of commercial properties in London North over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $18,080
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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