$3,675,000

1553 HYDE PARK Rd

North I, London, Ontario, N6H 5L5

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Executive development opportunity on Hyde Park and Gainsborough with driveway access off Hyde Park Road. Designated as a "Main Street" in the London Plan, development along Hyde Park Road encourages commercial and residential repurposing, intensification and infill. the "inward and upward" philosophy of The London Pan compliments the proposed 6-storey mixed-use building containing 70 residential units and a ground floor area of 8,900 sq ft for commercial use. Developments in the immediate area include single family, mid-rise and high-rise residential uses along with mixed-use buildings. Municipal services are available for the proposed development. Traffic volumes of 32,000 daily, on major public transit route and access to bike lanes on both side of the road. Lot frontage of approximately 180 ft and depth of 236 ft. Many commercial uses included in the broad BDC 1 and 2 zoning. Owner/tenant willing to lease-back until existing structures are ready for demolition.

Property Info
MLS®: X8286268
Listing Courtesy of GLEED INC.
Total Bedrooms 0
Total Bathrooms 0
Basement N
Floor Space 0 sq.ft.
Lot Size 42024 sq.ft.
Style other
Last Updated 2024-06-17
Property Type Land
Listed Price $3,675,000
Unit Pricing $3,675,000/sq.ft.
Strata Fee $0.00
Tax Estimate $15,710/Year
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