553 UPPER QUEEN STREET, London South (South P)

$2,240,000

For sale: Vacant Land

Vacant Land at 553 UPPER QUEEN STREET, London South (South P)
Property type
Land
MLS®
MLS® X13583416
Neighbourhood
South P

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 557 Upper Queen St. (MLS X13583452)

Sold data

Homes in South P — recent sold market

Homes in South P took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 49, across 48 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.

The median sale price was $579,900.

Homes sold for about 2.4% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$579,900
Sale-to-list ratio
97.6%
Sold above asking
19%

Based on 48 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London South (South P)

London South (South P) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London South (South P)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 553 UPPER QUEEN STREET