1010 DEARNESS DRIVE, London South (South Y)

$899,998

For sale: Detached

Detached at 1010 DEARNESS DRIVE, London South (South Y)
Property type
Detached
Bedrooms / bathrooms
8 bedrooms, 6 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13876510
Neighbourhood
South Y

Multi-generational living at its best or exceptional rental investment opportunity, this detached linked home with 3 separate entrances boasts 8 bedrooms, 6 full bathrooms and 3 fully equipped kitchens all in the desirable neighbourhood of White Oaks!! The main house has 4 bedrooms with the primary on the main floor, 2 on the second level and one in the basement in-law suite with each level having a 3-piece bathroom. The self-contained in-law basement suite has a full kitchen and living/dining room. The addition, completed in 2022, has 3 bedrooms on the main floor and one in the basement. The main floor with hardwood floors also has an ensuite 4-piece bathroom, another 3-piece bathroom, full kitchen with quartz counter-tops, breakfast area with walk-out to the large deck, dining/lounge area and living room. The basement has the 4th bedroom, a 3-piece bathroom and recreation room. There is enough space to add 2 more bedrooms in the basement with each having egress windows. Many extras and updates done to the main house such as new roof in 2026 and 200-amp service added, separate central A/C installed in 2017 and laminate floors in 2019. In 2022, the front porch was re-built, a small 1-car garage added as well as an interlocking brick driveway holding 4 vehicles. Heating, ventilation and electrical are not shared between the 2 houses, but the hot water tank was purchased in 2017 and shared. These two houses are separated by a small foyer, each having separate entrances. Apart from multi-generational family living, this property has an excellent rental potential! The main house has the potential to be rented for $2,500 to $3,200 per month while the addition may bring in $3,500 more, potentially generating up to $6,700 in monthly gross revenue which may tally over $80,000 per year! Location is key as White Oaks Mall is only a 10-15 minute walk away with easy public transport connections to downtown London. ** This is a linked property.**

Sold data

Homes in South Y — recent sold market

Homes in South Y took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 47, across 88 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.

The median sale price was $505,000.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$505,000
Sale-to-list ratio
97.0%
Sold above asking
5%

Based on 88 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London South (South Y)

London South (South Y) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London South (South Y)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1010 DEARNESS DRIVE