$4,250,000
Est. payment $18,818/moCalculate yours
2846-2870 Tokala Trail, London North, ON N6G 0T9
North, London, ON N6G 0T9
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
Estimated mortgage payment
$18,818 per month
- Principal and interest
- $18,818
- Property tax
- $954
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $942,725
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
This photo could not be loaded.