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1042 Dearness Drive

South Y / London South, ON N6E 1N7

NewActiveFor Sale
0 Beds
0 Baths
2,500 Sq Ft
Land

About This Property

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

StatusActive
Property TypeLand
Listing TypeFor Sale
Interior Size2,500 sq ft
Bedrooms0
Bathrooms0
ListedJune 23, 2026
Postal CodeN6E 1N7

Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13478680

Listed by INITIA REAL ESTATE (ONTARIO) LTD

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$359,900

asking price

MLS®X13478680
TypeLand
CityLondon South
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$1,757

/month · $287,920 mortgage

Down Payment20% — $71,980
Interest Rate5.5%

Amortization

Total Interest

$239,312

Total Cost

$527,232

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

INITIA REAL ESTATE (ONTARIO) LTD