$329,900
Est. $1,546/mo mortgage
1042 Dearness Drive · London, N6E 1N7
MLS® X13478680
Listed Jun 22, 2026
Listing courtesy of Initia Real Estate (ontario) LTD·Listing last changed Oct 6
Key facts
- Property type
- Vacant Land
- Square footage
- 2,500-3,000 sqft
- Lot size
- 45.16 × 196.65 ft · < 0.50 acres
- Age
- New
- Parking
- 4 spaces
Description
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.
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Property details
Interior
- Size
- 2,500-3,000 sqft
Building & lot
- Type
- Vacant Land, Other
- Age
- New
- Lot size
- 45.16 × 196.65 ft · < 0.50 acres
- Exterior
- Brick
- Foundation
- Poured Concrete
- Water & sewer
- Sewer
Parking
- Garage
- 2 car
- Parking
- 4 spaces
Location & neighbourhood
DirectionsLondon South, ON
Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.
Schools nearbyclosest is Nicholas Wilson Public School, 470 m
Elementary
- 4.4
Nicholas Wilson Public School
470 m · Grades JK-8
Thames Valley District School Board
- 4.8
White Oaks Public School
990 m · Grades JK-8
Thames Valley District School Board
- 4.3
Rick Hansen Public School
1.0 km · Grades JK-8
Thames Valley District School Board
Secondary
- 3.9
Sir Wilfrid Laurier Secondary School
1.7 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $1,865/mo all in
Monthly payment estimate
Land transfer tax$3,424 on closing
Ontario LTT
$3,424
First-time rebate
−$3,424
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jun 22, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Affordabilityneeds $83,000 household income
Minimum household income required
$83,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, an estimated property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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