$ 3,675,000
1553 HYDE PARK RD London, ON N6H 5L5
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 3,675,000
Est. payment /mo
Active
1553 HYDE PARK RD London, ON N6H 5L5
0.5 Acres Lot
UPDATED:
06/17/2024 05:38 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X8286268
Annual Tax Amount $15,710
Tax Year 2023
Lot Size 0.500 Acres
Property Description
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.
Location
State ON
County Middlesex
Zoning h,h17, BDC 1, BDC 2
Rooms
Family Room No
Kitchen 0
Interior
Cooling Unknown
Exterior
Pool None
Community Features Public Transit
Utilities Available Unknown
Roof Type Unknown
Building
New Construction false
Others
Security Features No,Unknown
Listed by GLEED INC.