$329,900
↓ $30,000 from $359,900
Est. payment $1,461/moCalculate yours
1042 Dearness Drive, London South, ON N6E 1N7
South, London, ON N6E 1N7
- 2,500 Sq Ft
Listing courtesy of INITIA REAL ESTATE (ONTARIO) LTD MLS® X13478680
About this home
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.
Property details
Overview
- Property Type
- Vacant Land
- Style
- Other
- For
- For Sale
- Status
- Price Change
- Approximate Age
- New
- Size
- 2,500 sqft
Building & Systems
- Exterior
- Brick
- Foundation
- Poured Concrete
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 45.16 x 196.65 Feet
- Parking
- 4 total
- Zoning
- R1-4
Location
- Neighbourhood
- South
- Cross Street
- BRADLEY AVE
- Direction Faces
- East
Listing
- MLS® Number
- X13478680
- Days on Market
- 118
- Listed On
- 2026-06-22
- Possession
- TO BE BUILT
- Listed By
- INITIA REAL ESTATE (ONTARIO) LTD
Mortgage calculator
Estimated mortgage payment
$1,461 per month
- Principal and interest
- $1,461
- Property tax
- $0
- Condo fees
- $0
- Estimated monthly cost
- $1,461
Your mortgage
- Mortgage amount
- $263,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $174,298
Cash to close
- Down payment
- $65,980
- Land transfer tax
- $3,424
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $69,404
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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