1046 Dearness Drive · London, N6E 1N7
MLS® X14153892
Listing courtesy of Sutton Group - Hodgson Realty INC.·Listing last changed 23 hours ago
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 53.66 × 196.48 ft
- Parking
- 2 spaces
- Property tax
- $3,101/yr (2025)
Description
Modernize to your style and make this home your own! Situated on a beautiful, deep, treed lot in the established Westminster neighbourhood, this two-bedroom brick ranch offers plenty of potential for buyers looking to update a home to suit their needs. The exterior features a generous driveway, covered front porch and an attractive stone retaining wall framing the front garden. Inside, the spacious living room offers a large picture window and an updated fireplace. The adjoining kitchen and dinette area presents an excellent opportunity to open up the space and create a larger kitchen designed to suit your style and needs. The primary bedroom is generously sized with good closet space, while a second bedroom and full bathroom complete the main level. The finished lower level provides additional living space with a large family room featuring a second updated fireplace, an office and a bathroom. Outdoors, the exceptionally deep, treed backyard offers plenty of room for gardening, recreation and outdoor enjoyment, along with a good-sized storage shed. Conveniently located in Westminster, close to Victoria Hospital, White Oaks Mall, shopping, restaurants, schools, parks and trails, with easy access to public transit and Highway 401. An opportunity to create a home that reflects your own personal taste in an established, family-friendly neighbourhood, offering fantastic walkability, everyday conveniences and a deep lot that's increasingly difficult to find.
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Property details
Interior
- Size
- 700-1,100 sqft
- Rooms
- 5 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Lower
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 53.66 × 196.48 ft
- Exterior
- Brick, Aluminum Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (2 spaces)
- Parking
- 2 spaces
Fees & taxes
- Property tax
- $3,101/yr (2025)
Rooms
Main
- Bedroom
- 4.38 × 2.88 m
- Dining Room
- 3.08 × 2.84 m
- Kitchen
- 2.58 × 2.53 m
- Bedroom
- 3.05 × 2.9 m
- Living Room
- 6.73 × 3.92 m
Lower
- Family Room
- 7.16 × 6.76 m
- Office
- 4.16 × 2.72 m
Estimated value range
$380K to $420K
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
Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.
Schools nearbyclosest is Nicholas Wilson Public School, 480 m
Elementary
- 4.4
Nicholas Wilson Public School
480 m · Grades JK-8
Thames Valley District School Board
- 4.8
White Oaks Public School
980 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. $2,465/mo all in
Monthly payment estimate
Land transfer tax$4,474 on closing
Ontario LTT
$4,474
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 yesterday
Sold comparables nearby
Sold17 Archer Crescent, London South
Sold15 Chancton Crescent, London South
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBalanced market in London
5.9 months of inventory: supply and demand are roughly balanced. Nearby, 6 sales in the last 90 days went for an average of 96.6% of asking.
Avg. sold price
$555,667
Sale-to-list ratio
96.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $100,000 household income
Minimum household income required
$100,000
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? Call Colin at (226) 212-5099 or text
Rental market$1,810/mo median for 2 bed nearby
$1,810/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 16 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.
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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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