$374,900
Est. $1,756/mo mortgage
947 Dearness Drive · London South, N6E 1N6
MLS® X12492066
Listed Oct 30, 2025
Listing courtesy of Blue Forest Realty INC.·Updated Aug 13
Description
Prime 45.12 ft x 193.99 ft vacant residential lot with R1-4 zoning, in a sought-after, well-established South London neighbourhood. This property offers easy access to everything London has to offer. Enjoy close proximity to White Oaks Mall, parks, schools, public transit, and major routes, while still having the peace and quiet of a mature residential street. The rear yard is lined with mature trees, creating a natural backdrop and added privacy rarely found with city lots. Imagine waking up each morning in a brand-new home built from scratch, tailored to your style, on a site in one of London's solid growth corridors. Or consider the investment angle: secure the land now, design later, and capture upside as South London continues to expand. *Three of the large trees have been scheduled for removal in September.*
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Property details
Building & lot
- Type
- Vacant Land, Other
- Lot size
- 45.12 × 193.99 ft · < .50 acres
Fees & taxes
- Property tax
- $1,207/yr (2025)
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
74% confidence · 40 sold homes within 2 km
Location & neighbourhood
DirectionsLondon South, ON
Expansive southeast neighbourhood with diverse housing, numerous schools, and Wellington Road access.
Monthly paymentest. $2,310/mo all in
Monthly payment estimate
Land transfer tax$4,099 on closing
Ontario LTT
$4,099
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 30, 2025
Affordabilityneeds $94,000 household income
Minimum household income required
$94,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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