Rare opportunity to acquire a generously sized residential lot in desirable South London. This spacious property measures 45.16 x 198.48 feet, offering exceptional depth and flexibility for future development. Ideally located close to major highways, shopping centres, schools, parks, and other everyday amenities, providing both convenience and strong long-term value. The lot presents excellent potential for builders, investors, or end users looking to construct a detached home or explore the possibility of a multi-family residential dwelling for rental income (subject to municipal approvals). With its large lot size and prime location, this property offers numerous possibilities to design and build a custom residence or income-generating property in a growing and well-connected area of South London. A great opportunity to secure land in a sought-after neighbourhood with strong future potential. Buyer to perform their own due diligence regarding zoning, permits, and development possibilities.
Lot dimensions approximately 45.16 x 196.65 (square feet)
Zoned R1-4
Home design
Vacant land
Faces east
Brick construction listed for area (site context)
Parking
Total of 4 parking spaces
2 covered parking spaces
Construction
Brick construction
Utilities
Cable available
Sale and tax history for 1042 Dearness Dr
Sale History
Tax History
Date
Event
Price
TREB #X13478680
Oct 6, 2026
Price Changed
$329,900
Jun 23, 2026
Listed
$359,900
TREB #X12869016
Jun 18, 2026
Delisted
—
Mar 9, 2026
Listed
$399,900
Rare opportunity to acquire a generously sized residential lot in desirable South London. This spacious property measures 45.16 x 198.48 feet, offering exceptional depth and flexibility for future development. Ideally located close to major highways, shopping centres, schools, parks, and other everyday amenities, providing both convenience and strong long-term value. The lot presents excellent potential for builders, investors, or end users looking to construct a detached home or explore the possibility of a multi-family residential dwelling for rental income (subject to municipal approvals). With its large lot size and prime location, this property offers numerous possibilities to design and build a custom residence or income-generating property in a growing and well-connected area of South London. A great opportunity to secure land in a sought-after neighbourhood with strong future potential. Buyer to perform their own due diligence regarding zoning, permits, and development possibilities.
As the MLS and public records start to fill up, we'll list the details here.