For Sale

1047 Dearness Drive, London, Ontario N6E1N8

$1,100,000

1047 Dearness Drive, London, Ontario N6E1N8 is For Sale and has a listing price of 1,100,000. The property is located in the Westminster neighbourhood. It's been on the website for 10 Days.

  • Vacant Land
    Property Type
  • MLS ID: X11972663
  • Office Name STREETCITY REALTY INC.,STREETCITY REALTY INC.
Property Description

Unlock the potential of this exceptional development site in one of South Londons most sought-after locations. Both properties at 1047 Dearness and 1055 Dearness must be sold together and combined these have a Zoning in place for a 6-storey, 55-unit residential building on these two lots. This property offers a rare turnkey development opportunity Hundreds of thousands spent with zoning approvals in place saving developers time and costs. Possibility of adding additional units (subject to Municipality/Zoning approval). This prime site is located just steps from White Oaks Mall, major retail stores, restaurants, transit, easy access to Highway 401, Hospitals, schools, medical clinics, pharmacies etc., ensures strong tenant demand and long-term investment value. With zoning already secured, the flexibility remains for you to tailor the project to your vision. Don’t miss out on this shovel-ready opportunity in a high-growth area. Seize the chance to build in one of London’s top investment corridors! (id:43137)

Property Details
  • MLS ID: X11972663
  • Price: $1,100,000
  • Transaction Types: For Sale
  • Ref ID: 27915262
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
02/14/2025 X11972663 $1,100,000 For Sale - -
06/05/2023 X8137938 $1,699,900 For Sale - -
06/05/2023 40431809 $1,999,900 For Sale - -
06/05/2023 X6148644 $1,899,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Westminster
  • $607,644 Average List Price
    based on 1 year
  • 19 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.5 % Up
  • Sold (12mo) 86
  • Rented (12mo) 9

  • 1 Month Change +1.2%
  • 3 Month Change -6.4%
  • 6 Month Change +7.9%
Walkscore
Property Type Distribution
  • All Houses
    75.47%
  • Commercial
    22.96%
  • Condo
    0.79%
  • Land for Sale
    0.79%
Additional Details
  • Water Municipal Water
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Farm/Agriculture Other
  • Listing Entry Date: 14/02/2025 00:00:00
  • Zoning R1/rg | 0.34 Acre
  • Agent Name: FRANK PONTES,MICHAEL JONES
  • Last Updated: 14/02/2025 18:21:10
Open House Dates
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