1553 HYDE PARK RD Active

London,ON N6H 5L5

$ 3675000

- Bed

- Bath

0 SqFt


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

Community North I

Area Middlesex

Zoning h,h17, BDC 1, BDC 2

Region North I

City Region North I

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

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