Gurvinder Nokwal REALTOR®
For Sale Vacant Land 221 days on market

$10,500,000

Est. payment $46,492/moCalculate yours

2975 Tokala Trail, London North, ON N6G 3Y2

North, London, ON N6G 3Y2

Map

Listing courtesy of THRIVE REALTY GROUP INC. MLS® X12872748

About this home

Now available for sale, 2975 Tokala Trail presents an exceptional 4.3-acre (1.74-hectare) development parcel prominently located at the southwest corner of Tokala Trail and Dyer Drive in the thriving Hyde Park neighbourhood of London, Ontario - one of the city’s fastest-growing and most sought-after residential corridors. The property is zoned and draft plan approved for High Density Residential development (R9-7 D150 H45), with a thoughtfully designed concept envisioning two residential tower buildings connected at the second floor. The proposed plan incorporates street-oriented units with mezzanines, creating an engaging pedestrian-friendly streetscape while delivering approximately 320 residential units. Designed to help meet London’s growing housing demand, the concept balances urban density with the Forest City’s commitment to green space, livability, and thoughtful community integration. Ideally positioned within the Hyde Park commercial node, the site offers exceptional walkability and access to a full range of everyday amenities, including restaurants, cafés, shopping, Sunripe Fresh Market, Walmart, Canadian Tire, clothing retailers, professional services, and more. With immediate proximity to one of London’s most dynamic residential and commercial growth areas, 2975 Tokala Trail represents a rare opportunity to secure a fully positioned high-density development site with significant long-term upside in a premier North London location.

Property details

Overview

Property Type
Vacant Land
For
For Sale
Status
New

Lot & Parking

Lot Size
733.17 x 246 Feet
Zoning
h-100 h-123 R9-7 D150 H45

Financial

Property Taxes
$36,378 (2025)

Location

Neighbourhood
North
Cross Street
Hyde Park Rd.
Direction Faces
West

Listing

MLS® Number
X12872748
Days on Market
221
Listed On
2026-03-11
Possession
Flexible
Listed By
THRIVE REALTY GROUP INC.

Mortgage calculator

Minimum for this price: $2,100,000 (20%)

Amortization, years

Estimated mortgage payment

$46,492 per month

Principal and interest
$46,492
Property tax
$3,031
Estimated monthly cost
$49,523

Your mortgage

Mortgage amount
$8,400,000
Mortgage insurance
Not needed
Interest over 25 years
$5,547,518

Cash to close

Down payment
$2,100,000
Land transfer tax
$248,975
Total, before legal fees
$2,348,975
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

2975 Tokala Trail, London North, ON N6G 3Y2 North, London, ON N6G 3Y2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$10,500,000 2975 Tokala Trail, London North, ON N6G 3Y2
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