947 DEARNESS DRIVE, London South (South Y)

$374,900

For sale: Vacant Land

Vacant Land at 947 DEARNESS DRIVE, London South (South Y)
Property type
Vacant Land
MLS®
MLS® X12492066
Neighbourhood
South Y

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. *Three of the large trees have been scheduled for removal in September.*

Sold data

Vacant Land homes in London South (South Y) — recent sold market

Vacant Land homes in London South (South Y) took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 68, across 65 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.

The median sale price was $649,900.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$649,900
Sale-to-list ratio
97.8%
Sold above asking
11%

Based on 65 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 947 DEARNESS DRIVE