342 Thompson Road, London South, ON N5Z 2Z5
South I, London South · Near Thompson & Gladstone · View map
About this home
RARE GLEN CAIRN OPPORTUNITY! Set on an impressive 75' x 115' lot in the heart of Glen Cairn, this property offers an exciting opportunity for builders, investors, renovators, or buyers looking to create something truly their own. The existing home is not currently habitable and requires extensive renovation and repair, making this a property where the value lies in the possibilities.With R2-2 zoning, buyers are encouraged to explore the range of potential uses and development options available under the current zoning and applicable municipal requirements. Whether envisioning an extensive renovation, a complete rebuild, or a new-build project designed to take advantage of this ample lot, the possibilities are worth exploring. Enjoy the established Glen Cairn neighbourhood, with convenient access to schools, parks, shopping, transit, and many of London's amenities. Large lots like this are increasingly difficult to find! Bring your vision, creativity, and plans and unlock the potential of this exceptional piece of Glen Cairn real estate. Property and zoning to be purchased and sold in "as-is, where-is" condition. Buyer to conduct their own due diligence regarding zoning, permitted uses, development potential, building requirements and municipal approvals.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 6
- Basement
- Full, Development Potential
- Lot size
- 75.1 x 118 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 4
- Total parking
- 5
- Parking features
- Private, Private Double
Taxes & other
- Property taxes
- $2,682/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Thompson & Gladstone
- Neighbourhood
- South I
More
- Price per sq ft
- ~$333 (at 900 sq ft)
- Listed
- Oct 23, 2026 · today
- MLS® number
- X14110850
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
342 Thompson Road, London South, ON N5Z 2Z5
South I, London South · Near Thompson & Gladstone
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Listing history for 342 Thompson Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 342 Thompson Road
Answers come straight from this home’s MLS® listing.
How much is 342 Thompson Road listed for, and what would it cost each month?
342 Thompson Road is listed for $299,900. With 20% down ($59,980), the mortgage payment would be roughly $1,210 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,433 a month, all in. That figure is an illustration, not a quote.
Is 342 Thompson Road freehold or a condo, and is there a monthly fee?
342 Thompson Road is a bungalow in South I, London South. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 342 Thompson Road have?
342 Thompson Road has 2 bedrooms and 1 bathroom.
Does 342 Thompson Road have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 4 spaces. In total the listing counts 5 parking spaces.
Does 342 Thompson Road have a finished basement?
The listing describes the basement as full, development potential.
What style of home is 342 Thompson Road?
342 Thompson Road is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 342 Thompson Road, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 75.1 x 118 ft.
How is 342 Thompson Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 342 Thompson Road?
Property taxes are $2,682 a year (2025), or about $224 a month.
Where is 342 Thompson Road?
342 Thompson Road is in the South I community of London South. The nearest main intersection is Thompson & Gladstone. The postal code is N5Z 2Z5.
How long has 342 Thompson Road been on the market?
342 Thompson Road was listed on October 23, 2026. It came on the market today. It is an active listing (MLS® X14110850). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 342 Thompson Road asking?
Similar bungalow-style homes for sale nearby right now include 20 Wharncliffe Road S at $349,900 (2 bed), 105 Tecumseh Avenue W at $379,000 (2 bed) and 101 - 725 Deveron Crescent at $250,000 (1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 342 Thompson Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 342 Thompson Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near South I, picked by style, size and price.
Bungalow$349,90020 Wharncliffe Road S, London South2 bed · 1 bath · South FCourtesy of: EXIT REALTY COMMUNITYView home →
Bungalow$379,000105 Tecumseh Avenue W, London South2 bed · 1 bath · South ECourtesy of: SUTTON GROUP - HODGSON REALTY INC.View home →
Condo bungalow$250,000101 - 725 Deveron Crescent, London South1 bed · 1 bath · South TCourtesy of: Real Broker Ontario Ltd.View home →Courtesy of: THRIVE REALTY GROUP INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.