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For sale
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$249,900

Est. $1,171/mo mortgage

0bd·0ba·< 700sqft

63 Cleveland Place #PL · London South, N5Z 4T5

MLS® X13810468

2 days on market2 days on market

Listed Sep 21, 2026

Listing courtesy of Initia Real Estate (ontario) LTD·Updated yesterday

Description

RARE BUILDING LOT! Opportunities to find a lot of this size in London are few and far between. Situated on a quiet cul-de-sac, this generously sized, pie-shaped lot offers an excellent opportunity to build your dream home while still enjoying a substantial private backyard. Conveniently located close to amenities, hospital, major roadways, and the highway. Gas, hydro, and water services are available at the road. The buyer is responsible for site servicing and all applicable development fees. With lot dimensions of approximately 187.63 ft. x 37.35 ft. x196.14 ft. x 80.50 ft. x 71.79 ft., this is a truly unique property. Recent City changes may provide opportunities for multi-family development, or create your own private large-lot residence. Buyers are advised to conduct their own due diligence regarding zoning, permitted uses, servicing, development charges, and all property details. Don't miss this rare opportunity!

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Property details

Interior

Interior
< 700 sqft
Basement
None
Heating
Other
Cooling
None

Building & lot

Type
Vacant Land, Other
Lot size
37.35 × 196 ft · 2-4.99 acres
Exterior
Other
Foundation
Other
Roof
Unknown
Water & sewer
Sewer

Fees & taxes

Property tax
$1,200/yr (2025)

AI property estimate

$297,502Estimate is ~19.0% above asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$267,752$327,252

75% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Pond Mills

London South, ON

South London neighbourhood featuring the protected Pond Mills Environmentally Significant Area.

Monthly paymentest. $1,623/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,171
Property tax$151
Insurance (est.)$52
Utilities (est.)$250
Total monthly$1,623
Land transfer tax$2,224 on closing

Ontario LTT

$2,224

First-time rebate

$2,224

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$249,900

Listed Sep 21, 2026

On the market
Affordabilityneeds $65,000 household income

Minimum household income required

$65,000

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.

Not sure about financing? Ask Colin

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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