1553 Hyde Park Road, London | Image 1

1553 Hyde Park Road

London, North I

  • Commercial

$X,XXX,XXX
For Sale

Added 2 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: h,h17, BDC 1, BD

  • Age: No Data

  • Taxes: 15710.48

  • MLS®#: X8286268

  • Days on Site: 74 Days

  • Added: Feb 19, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: GLEED INC.

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

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: London

  • Community: North I

  • Availability Date: 90+Days

  • Assessment Amount: $465,000

  • Assessment Year: 2024

Building

  • Basement: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART OF LOT 24 CONCESSION 3 AS IN 554884; SAVE & EXCEPT PART 13,

  • Taxes: $15,710

  • Taxes Type: Annual

Land

  • Cross Street: Gainsborough

  • Municipality District: London

  • Parcel Number: 080643041

  • Sewer: Sanitary

  • Lot Depth: 234 Acres

  • Lot Frontage: 179.59 Acres

  • Zoning: h,h17, BDC 1, BD

Commercial Specific

  • Sprinklers: N

  • Total Area: 0.97

  • Total Area Metric: Acres

  • Area Influence: Public Transit

  • Lot Code: Lot

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