Business For Sale · Land

557 UPPER QUEEN STREET, London South (South P)

557 UPPER QUEEN STREET, London South (South P), ON N6C3T8

$1.1M total

—

Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

85%

Lot Size

0.524 ac

About this property

Prime infill development opportunity at 553 & 557 Upper Queen Street in London's desirable Highland neighbourhood. This 0.6 hectare site (approx. 1.5 acres) features 63 metres of frontage and is located within the Built Area Boundary and Primary Transit Area. Zoning amendment recommended to permit a 28-unit, 2-storey cluster townhouse development across six building blocks, offering a thoughtfully planned medium-density project aligned with London Plan intensification policies. The property is surrounded by established residential neighbourhoods and backs onto the Highland Country Club, offering strong locational appeal. Positioned along a neighbourhood connector with transit access, bike lanes, and proximity to parks, shopping, and amenities, this site represents a compelling opportunity for townhouse development in a mature, high-demand area. Key development highlights include: Proposed density: ~47 units per hectare. Building height: 2 storeys. Parking: 62 spaces (2 per unit plus visitor parking). Site coverage: ~43% with ~40% landscaped open space. *Must be sold in conjunction with 553 Upper Queen St. (MLS X13583416) (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.12M
Down payment30% · $336K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$39K

Annual cash flow

$-23K

Cash-on-cash

-6.84%

DSCR

0.63

Going-in cap

3.49%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

101,115

Households

36,060

Median income

$92,000

Median age

31.2

Daytime population

95,595

5-yr growth

4.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 557 UPPER QUEEN STREET, London South (South P).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.