- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700–1,100sq ft
- Per sq ft
- $444at the range’s middle
- Lot
- 53.66 x 196.48 ft
- Tax a year
- $3,1012025 tax year
- Parking
- 2none
- Days on market
- Members
The brief
About 1046 Dearness Dr
1046 Dearness Dr is a 2-bedroom, 2-bathroom detached house in South Y, London South, listed for sale at an asking price of $399,900 (MLS® X14153892).
Modernize to your style and make this home your own! Situated on a beautiful, deep, treed lot in the established Westminster neighbourhood, this two-bedroom brick ranch offers plenty of potential for buyers looking to update a home to suit their needs. The exterior features a generous driveway, covered front porch and an attractive stone retaining wall framing the front garden. Inside, the spacious living room offers a large picture window and an updated fireplace. The adjoining kitchen and dinette area presents an excellent opportunity to open up the space and create a larger kitchen designed to suit your style and needs. The primary bedroom is generously sized with good closet space, while a second bedroom and full bathroom complete the main level. The finished lower level provides additional living space with a large family room featuring a second updated fireplace, an office and a bathroom. Outdoors, the exceptionally deep, treed backyard offers plenty of room for gardening, recreation and outdoor enjoyment, along with a good-sized storage shed. Conveniently located in Westminster, close to Victoria Hospital, White Oaks Mall, shopping, restaurants, schools, parks and trails, with easy access to public transit and Highway 401. An opportunity to create a home that reflects your own personal taste in an established, family-friendly neighbourhood, offering fantastic walkability, everyday conveniences and a deep lot that's increasingly difficult to find.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall42/100−$383/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 22 detached homes with 2 bedrooms for lease in London South right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,101 / 2025
- MLS® number
- X14153892
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 53.66 x 196.48 ft
- Listed on
- Parking
- None, 2 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- South Y
- Municipality
- London South
Building
- Size
- 700-1100 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Lower
- Basement Type
- Partly Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 2
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 53.66 ft
- Depth
- 196.48 ft
- Lot Size
- 53.66 x 196.48 ft
Additional
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Fridge, stove, dishwasher, washer, dryer
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.53 × 2.58 m | — | Main |
| Dining | 2.84 × 3.08 m | — | Main |
| Living | 3.92 × 6.73 m | — | Main |
| Br | 2.88 × 4.38 m | — | Main |
| Br | 2.9 × 3.05 m | — | Main |
| Family | 6.76 × 7.16 m | — | Lower |
| Office | 2.72 × 4.16 m | — | Lower |
Listing history
Buy/sell history for 1046 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 | $399,900 | N/A | For Sale | X14153892 |
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
- $79,980
- Total mortgage amount
- $319,920
- Total interest payment
- $227,580
- Total purchase cost
- $627,480
- Mortgage payment
- $1,825/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
37%Monthly carrying cost
$2,083- Rent $1,700
- Shortfall $383
Rental income opens at $1,700, the median asking rent of 22 comparable homes for lease in London South. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $4,474
- Total land transfer tax
- $4,474
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $474
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 $399,900
- $2,249
- Ontario total
- $4,474
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 Yossi Kaplan, MBA, Salesperson 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
- 53.66 ft16.4 m
- Depth
- 196.48 ft59.9 m
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 MPAC.
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 m6 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, 640 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 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 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
Detached homes for sale in South Y right now
- For sale now
- 15
- Median asking price
- $585K
- New in 7 days
- 4
- Price cuts
- 27%
Middle half: $537K to $740K
7 in 28 days
4 listings
This home is asking 32% below the median, lower than three quarters of them.
See all homes in South YAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
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 | 500 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.