
1042 Dearness Drive
London (South Y), ON N6E 1N7
- —Bedrooms
- —Bathrooms
- 2Garage
- 2500–3000Sq Ft
- —Tax
- 45×197 ftLot Size
- Free EstimateSee Free Estimate Report
Sale & Price History for 1042 Dearness Drive, London, South Y
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 1042 Dearness Drive, London, South Y
Summarized Description
- Spacious lot measuring 45.16 x 198.48 feet
- Ideal for builders and investors
- Close to amenities and major highways
- Potential for detached or multi-family homes
- Located in a growing area of South London
- Opportunity for custom development
- Strong long-term investment potential
Rare opportunity to acquire a generously sized residential lot in desirable South London. This spacious property measures 45.16 x 198.48 feet, offering exceptional depth and flexibility for future development. Ideally located close to major highways, shopping centres, schools, parks, and other everyday amenities, providing both convenience and strong long-term value. The lot presents excellent potential for builders, investors, or end users looking to construct a detached home or explore the possibility of a multi-family residential dwelling for rental income (subject to municipal approvals). With its large lot size and prime location, this property offers numerous possibilities to design and build a custom residence or income-generating property in a growing and well-connected area of South London. A great opportunity to secure land in a sought-after neighbourhood with strong future potential. Buyer to perform their own due diligence regarding zoning, permits, and development possibilities.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $0
- Land Transfer Tax Fee
- $3,424
Interior Features
- View
- Clear
- Fireplace/Stove
- No
- Elevator
- No
Building
- Building Type
- Vacant Land
- Building Style
- Other
- Approx Age
- New
Construction
- Exterior Finish
- Brick
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 45.16 ft
- Lot Depth
- 196.65 ft
- Lot Shape
- Irregular
Parking & Garages
- Garage Spaces
- 2
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Sewers
- Sewer
- Natural Gas
- Available
- Hydro
- Available
- Cable
- Available
- Telephone
- Available
- Municipality
- London
- Neighbourhood
- South Y
- Main cross streets
- BRADLEY AVE
- Zoning
- R1-4
- Directions
- From Bradley Avenue north on Dearness Drive. 5th lot on right hand side.
- Waterfront
- None
- MLS® number
- X13478680
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-06-22
- Updated on
- 2026-10-06
- Days on market
- 117 days
- Possession date
- 2026-07-31
- Possession type
- Immediate
- Co-op commission
- 2%+HST
- Seller
- Listed by
- INITIA REAL ESTATE (ONTARIO) LTD
Home Market Value
Current home valuation for 1042 Dearness Drive, London, South Y, London, ON. Listed for $329,900
HOMEH Estimate
—
Estimated Sales Range
—
HOMEH Estimate for 1042 Dearness Drive, London, South Y
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$16,495
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $12,536 | $9,204 | $7,852 | $0 |
=Total mortgage | $325,941 | $306,114 | $288,267 | $263,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,591monthly | $1,495monthly | $1,407monthly | $1,289monthly |
Land Transfer Tax
$3,424
$3,424
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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