947 Dearness Drive, London South

$359,900
947 Dearness Drive

$359,900

New
18d
Vacant Land

947 Dearness Drive, London South

Total Monthly Obligation $1,927

Beds
0
Baths
0
Park
0
DOM
18d
Yield
6.8%
Cash on Cash
6.0%
Cap Rate
5.9%
5Y IRR
20.4%
10Y IRR
18.6%
Property Type-Vacant Land
MLS® Number-X13861842
Beds-0
Lot Size-45.12 × 193.99 ft
Listed on site-Oct 5, 2026
Building Type-Vacant Land
Taxes-$1,207 (2025)
Brokerage-BLUE FOREST REALTY INC.
Laundry-No
Fireplace-No
Pool-None
Facing-North
Possession-FLEXIBLE
Neighbourhood-South Y
Title-Residential Freehold

No agent assigned

Prime 45.12 ft x 193.99 ft vacant residential lot with R1-4 zoning, in a sought-after, well-established South London neighbourhood. This property offers easy access to everything London has to offer. Enjoy close proximity to White Oaks Mall, parks, schools, public transit, and major routes, while still having the peace and quiet of a mature residential street. The rear yard is lined with mature trees, creating a natural backdrop and added privacy rarely found with city lots. Imagine waking up each morning in a brand-new home built from scratch, tailored to your style, on a site in one of London's solid growth corridors. Or consider the investment angle: secure the land now, design later, and capture upside as South London continues to expand. Permit obtained for removal of one of the large trees on property.

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Closing Costs

Mortgage Amount
$287,920
Land Transfer Taxes$3,874
Legal Fees (Est.)
$
Total cash required for closing$77,354

Total Monthly Obligation

$1,927/mo
Mortgage $1,452
Monthly Loss $1,545
Principal$382
Interest$1,070
Property Tax$101
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 947 Dearness Drive

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