1042 Dearness Dr is a land in London, listed for $329,900. It has 2500-3000 sq ft of living space.
1Rare opportunity to acquire a generously sized residential lot in desirable South London.
2This spacious property measures 45.16 x 198.48 feet, offering exceptional depth and flexibility for future development.
3Ideally located close to major highways, shopping centres, schools, parks, and other everyday amenities, providing both convenience and strong long-term value.
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.
works out to roughly $132 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 1042 Dearness Dr
Every detail from the listing, in one place.
Type
Land
Style
Other
Living space
2500-3000 sq ftas stated on the listing
Parking
4 spaces
Features & systems
Parking & garage
Parking spaces
4
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Other
Property class
Vacant Land
1042 Dearness Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,621
/mo
based on the purchase price of $329,900
$65,980 cash
$263,920 financed
$222,290 total interest
Principal54%$263,920
Interest46%$222,290
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,345Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with May 12 – Aug 10, 2026: prices down.
Based on 1,698 sales from Aug 10 – Nov 8, 2026 (1,537 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1042 Dearness Dr
How much is 1042 Dearness Dr listed for?
1042 Dearness Dr is listed at $329,900 (MLS® X13478680). Summitly updates the price as soon as the MLS® record changes.
Is $329,900 a good price for 1042 Dearness Dr?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1042 Dearness Dr changed?
Yes — it was first listed at $359,900 and is now $329,900, a drop of $30,000 (8.3%).
How many bedrooms and bathrooms does 1042 Dearness Dr have?
1042 Dearness Dr has about 2,500–3,000 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in London.
How much would the monthly mortgage be on 1042 Dearness Dr?
About $1,621 a month — principal and interest on $329,900 with 20% down ($65,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1042 Dearness Dr compare with other homes in London?
Its asking price of $329,900 is about 41% below the median sold price in London over the last 90 days, $560,000, across 1,698 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1042 Dearness Dr been sold before?
Summitly has no earlier MLS® sale or lease of 1042 Dearness Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1042 Dearness Dr?
1042 Dearness Dr is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1042 Dearness Dr been on the market?
139 days — 1042 Dearness Dr was listed on June 22, 2026.
What is the price per square foot of 1042 Dearness Dr?
About $110 to $132 per square foot: the asking price of $329,900 over the 2,500–3,000 sq ft the listing gives as its size range.
