- Size
- 2,500–3,000sq ft
- Per sq ft
- $120at the range’s middle
- Lot
- Under 0.50 acres
- Built
- New
- Parking
- 4
- Days on market
- Members
The brief
About 1042 Dearness Dr
1042 Dearness Dr is vacant land in South Y, London South, listed for sale at an asking price of $329,900 (MLS® X13478680).
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.
Insights
Condition Score
Fair64/1002 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- MLS® number
- X13478680
- Board
- TRREB MLS®
- Property Type
- Vacant Land
- Building Age
- New
- Days on market
- Size
- 2500-3000 sqft
- Lot Size
- 45.16 x 196.65 ft
- Listed on
- Parking
- 4 Parking
Property details
Property
- Property Type
- Vacant Land
- Style
- Other
- Community
- South Y
- Municipality
- London South
Building
- Size
- 2500-3000 sqft
- Building Age
- New
- Construction
- Brick
Parking
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
Land
- Sewer
- Sewers
- Frontage
- 45.16 ft
- Depth
- 196.65 ft
- Lot Size
- 45.16 x 196.65 ft
Additional
- Foundation
- Poured Concrete
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 1042 Dearness Dr, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $329,900 | N/A | Pc | X13478680 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $65,980
- Total mortgage amount
- $263,920
- Total interest payment
- $187,880
- Total purchase cost
- $517,780
- Mortgage payment
- $1,506/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$1,506- Rent $0
- Shortfall $1,506
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $3,424
- Total land transfer tax
- $3,424
- First-time buyer rebates (Ontario up to $4,000)
- −$3,424
- Total for first-time buyers
- $0
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $329,900
- $1,199
- Ontario total
- $3,424
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 45.16 ft13.8 m
- Depth
- 196.65 ft59.9 m
- Lot size
- Under 0.50 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 m4 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 5.5 m.250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Safety-Kleen Canada Inc. [principal] — London Branch, 660 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Nicholas Wilson Public SchoolThames Valley DSB | Public · grades JK–8 | 450 m | 59%Grade 6 average |
| White Oaks Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 52%Grade 6 average |
| St Anthony Catholic French Immersion SchoolLondon District Catholic School Board | Catholic · grades JK–8 · French Immersion | 1.3 km | 80%Grade 6 average |
| École élémentaire catholique Saint-Jean-de-BrébeufConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 4.4 km | 73%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Sir Wilfrid Laurier Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.7 km | 51%Grade 9 math |
| G A Wheable Secondary SchoolThames Valley DSB | Public · grades 9–12 | 4 km | — |
| École secondaire Gabriel-DumontConseil scolaire Viamonde | French-language public · grades 9–12 | 4.4 km | 77%Grade 9 math |
| Regina Mundi CollegeLondon District Catholic School Board | Catholic · grades 9–12 | 4.8 km | 43%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in South Y are shown to signed-in members.