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$ 3,650,000
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1553 Hyde Park RD London North, ON N6H 5L5
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision North I
MLS Listing ID X12125630
Annual Tax Amount $18,079
Tax Year 2024
Property Sub-Type Land
Property Description
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.
Location
Province ON
County Middlesex
Community North I
Area Middlesex
Zoning h-8*h-108*BDC1/BDC2
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 179.59
Lot Depth 234.49
Others
Security Features No
Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada