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

$4,250,000

Est. payment $18,818/moCalculate yours

2846-2870 Tokala Trail, London North, ON N6G 0T9

North, London, ON N6G 0T9

Map

Listing courtesy of THRIVE REALTY GROUP INC. MLS® X12872754

About this home

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.

Property details

Overview

Property Type
Vacant Land
For
For Sale
Status
Sold Conditional

Lot & Parking

Lot Size
252.63 x 473.5 Feet
Zoning
UR3, R5(R5-7)

Financial

Property Taxes
$11,450 (2025)

Location

Neighbourhood
North
Cross Street
Dalmagarry Rd.
Direction Faces
North

Listing

MLS® Number
X12872754
Days on Market
221
Listed On
2026-03-11
Possession
Flexible
Listed By
THRIVE REALTY GROUP INC.

Mortgage calculator

Minimum for this price: $850,000 (20%)

Amortization, years

Estimated mortgage payment

$18,818 per month

Principal and interest
$18,818
Property tax
$954
Estimated monthly cost
$19,772

Your mortgage

Mortgage amount
$3,400,000
Mortgage insurance
Not needed
Interest over 25 years
$2,245,424

Cash to close

Down payment
$850,000
Land transfer tax
$92,725
Total, before legal fees
$942,725
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

2846-2870 Tokala Trail, London North, ON N6G 0T9 North, London, ON N6G 0T9
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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).

$4,250,000 2846-2870 Tokala Trail, London North, ON N6G 0T9
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