Listed for:Listed Jun 22, 2026
$329,900

1042 Dearness Drive

London (South Y), ON N6E 1N7

Vacant Land For Sale
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Sale & Price History for 1042 Dearness Drive, London, South Y

No listing history available

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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

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Estimated Sales Range

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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

$
London, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$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
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Land Transfer Tax

Provincial

$3,424

Total Land Transfer Tax

$3,424

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