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.
Address
2846-2870 Tokala Trail
List Price
$4,250,000
MLS® Status
New
Expiration Date
2027-03-31
Property Type
Residential Freehold
Type of Dwelling
Vacant Land
Transaction Type
Sale
Area
London North
Sub-Area
North S
Region
Middlesex
Lot Size Source
MPAC
Lot Depth
473.5
Lot Size Range (Acres)
2 - 4.99
Lot Size Units
Feet
Lot Width
252.63
Parcel Number
081383113
Occupant Type
Vacant
Cross Street
Dalmagarry Rd.
MLS® Number
X12872754
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N6G 0T9
Posession Details
Flexible
Tax Amount
$11,450.00
Tax Year
2025
Cable
Available
Central Vacuum
No
Hydro
Available
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Direction Faces
North
Tax Legal Description
PART LOT 23 CONCESSION 5 LONDON TOWNSHIP, FIRSTLY: PARTS 4, 6, 8 & 9 33R17911; SECONDLY: PART 20 33R17911; THIRDLY: PART 20 33R17347 SUBJECT TO AN EASEMENT IN GROSS OVER PART 20 33R17347 AS IN ER617913 SUBJECT TO AN EASEMENT AS IN ER677557 PARTIALLY RELEASED AS IN ER1508664 & ER1508666 CITY OF LONDON + BLOCK 99, PLAN 33M685 SUBJECT TO AN EASEMENT AS IN ER1078527 TOGETHER WITH AN EASEMENT OVER PART 8, PLAN 33R-19766 AS IN ER1139020 CITY OF LONDON
Waterfront
No
Waterfront
None
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