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$399,900

Estimated value $380K to $420K

Est. $1,873/mo mortgage

2bd·2ba·700-1,100sqft

1046 Dearness Drive · London, N6E 1N7

MLS® X14153892

Listed yesterdayListed yesterday

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

Directions
White Oaks →

London 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

  • Nicholas Wilson Public School

    480 m · Grades JK-8

    Thames Valley District School Board

    4.4
  • White Oaks Public School

    980 m · Grades JK-8

    Thames Valley District School Board

    4.8
  • Rick Hansen Public School

    1.0 km · Grades JK-8

    Thames Valley District School Board

    4.3

Secondary

  • Sir Wilfrid Laurier Secondary School

    1.7 km · Grades 9-12

    Thames Valley District School Board

    3.9

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

Mortgage (5.07%, 25yr)$1,873
Property tax$258
Insurance (est.)$83
Utilities (est.)$250
Total monthly$2,465
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

$399,900

Listed yesterday

On the market

Sold comparables nearby

17 Archer Crescent, London SouthSold

17 Archer Crescent, London South

3 bd·2 ba·1,100-1,500 sqft
15 Chancton Crescent, London SouthSold

15 Chancton Crescent, London South

3 bd·2 ba·1,100-1,500 sqft

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.

Buyer's marketBalancedSeller's market

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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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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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.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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