342 Thompson Road · London, N5Z 2Z5
MLS® X14110850
Listed Oct 23, 2026
Listing courtesy of Thrive Realty Group INC.·Listing last changed 21 hours ago
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 75.09 × 118 ft
- Age
- 51-99 years
- Parking
- 5 spaces
- Property tax
- $2,682/yr (2025)
Description
RARE GLEN CAIRN OPPORTUNITY! Set on an impressive 75' x 115' lot in the heart of Glen Cairn, this property offers an exciting opportunity for builders, investors, renovators, or buyers looking to create something truly their own. The existing home is not currently in shape for comfortable habitation and requires extensive renovation and repair, making this a property where the value lies in the possibilities.With R2-2 zoning, buyers are encouraged to explore the range of potential uses and development options available under the current zoning and applicable municipal requirements. Whether envisioning an extensive renovation, a complete rebuild, or a new-build project designed to take advantage of this ample lot, the possibilities are worth exploring. Enjoy the established Glen Cairn neighbourhood, with convenient access to schools, parks, shopping, transit, and many of London's amenities. Large lots like this are increasingly difficult to find! Bring your vision, creativity, and plans and unlock the potential of this exceptional piece of Glen Cairn real estate. Property and zoning to be purchased and sold in "as-is, where-is" condition. Buyer to conduct their own due diligence regarding zoning, permitted uses, development potential, building requirements and municipal approvals.
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Property details
Interior
- Size
- 700-1,100 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- Full, Development Potential
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Age
- 51-99 years
- Lot size
- 75.09 × 118 ft
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Detached
- Driveway
- Private Double (4 spaces)
- Parking
- 5 spaces
Fees & taxes
- Property tax
- $2,682/yr (2025)
Estimated value range
$285K to $315K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon South, ON
Established south-end neighbourhood with mature trees and a community-park-centred layout.
Schools nearbyclosest is G A Wheable Secondary School, 400 m
Elementary
- 5.8
Princess Elizabeth Public School
440 m · Grades JK-8
Thames Valley District School Board
- 6.2
St Sebastian Separate School
930 m · Grades JK-8
London District Catholic School Board
- 2.9
C C Carrothers Public School
940 m · Grades JK-8
Thames Valley District School Board
Secondary
G A Wheable Secondary School
400 m · Grades 9-12
B Davison Secondary School
960 m · Grades 9-12
Thames Valley District School Board
- 4.2
London South Collegiate Institute
2.2 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. $1,940/mo all in
Monthly payment estimate
Land transfer tax$2,974 on closing
Ontario LTT
$2,974
First-time rebate
−$2,974
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 23, 2026
Sold comparables nearby
Sold446 Scenic Drive, London South
Sold91 Jacqueline Street, London South
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.9 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.1% of asking.
Avg. sold price
$460,567
Sale-to-list ratio
96.1%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $77,000 household income
Minimum household income required
$77,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,725/mo median for 2 bed nearby
$1,725/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 83 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
No obligation. Pick a time that suits you.
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