- Lot
- 2 – 4.99 acres
- Tax a year
- $36,3782025 tax year
- Days on market
- Members
The brief
About 2975 Tokala Tr
2975 Tokala Tr is vacant land in North S, London North, listed for sale at an asking price of $10,500,000 (MLS® X12872748).
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.
Insights
Condition Score
Not statedNo condition indicators were supplied
Source: Listing record
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $36,378 / 2025
- MLS® number
- X12872748
- Board
- TRREB MLS®
- Property Type
- Vacant Land
- Days on market
- Lot Size
- 733.17 x 246 ft
- Listed on
Property details
Property
- Property Type
- Vacant Land
- Style
- Other
- Community
- North S
- Municipality
- London North
Land
- Frontage
- 733.17 ft
- Depth
- 246 ft
- Lot Size
- 733.17 x 246 ft
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 2975 Tokala Tr, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $10,500,000 | N/A | For Sale | X12872748 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $2,100,000
- Total mortgage amount
- $8,400,000
- Total interest payment
- $5,970,900
- Total purchase cost
- $16,470,900
- Mortgage payment
- $47,903/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$50,934- Rent $0
- Shortfall $50,934
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $248,975
- Total land transfer tax
- $248,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $244,975
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $10,500,000
- $212,500
- Ontario total
- $248,975
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 733.17 ft223.5 m
- Depth
- 246 ft75 m
- Lot size
- 2 – 4.99 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.250 m
- Groundwater recorded about 4.3 m below ground nearbyThe middle water level in the well records within 500 m (45 records). It changes with the season and from spot to spot.500 m
- Bedrock about 24.7 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Execulink, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. Gabriel Catholic Elementary School Catholic Elementary SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 550 m | 82%Grade 6 average |
| Northwest Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | — |
| Sir Arthur Currie Public SchoolThames Valley DSB | Public · grades JK–8 | 1.4 km | 89%Grade 6 average |
| École élémentaire Marie-CurieConseil scolaire Viamonde | French-language public · grades JK–6 | 4.5 km | 88%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St. Andre Bessette Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 650 m | 70%Grade 9 math |
| Sir Frederick Banting Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.9 km | 55%Grade 9 math |
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 4.7 km | 64%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 8.5 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in North S are shown to signed-in members.