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1553 Hyde Park Rd

70 Unit Block of Flats £2,028,617 (£28,980/Unit) London, ON N6H 5L5

Investment Highlights

  • Located in desirable Hyde Park Neighbourhood
  • Nearby developments
  • Traffic volumes of 32,000 vehicles daily

Executive Summary

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.

Property Facts

Price £2,028,617
Price Per Unit £28,980
Sale Type Investment
No. Units 70
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.98 AC
Construction Status Proposed
Building Size 42,609 SF
Number of Floors 6

zoning

Zoning Code BDC 1, BDC 2
BDC 1, BDC 2
  • Listing ID: 31029095

  • Date on Market: 23/02/2024

  • Last Updated:

  • Address: 1553 Hyde Park Rd, London, ON N6H 5L5

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