$1,599,900
Est. $7,495/mo mortgage
566 Southdale Road · London South, N6E 1A6
MLS® X12691706
Listed Jan 13, 2026
Listing courtesy of Right At Home Realty·Updated Jul 3
Description
Outstanding shovel-ready development opportunity at 566 Southdale Road East, featuring a fully zoned and Site Plan Approved 16-unit stacked townhouse project with 17 on-site parking spaces. All major planning approvals are secured, significantly reducing entitlement risk and allowing an immediate progression to construction - saving time and pre-development cost. This property offers a compelling investment and community housing opportunity, ideally suited not only for private developers but also for non-profit, municipal, or institutional housing providers, including those pursuing CMHC-funded affordable housing initiatives. Superior transit and mobility future potential: The site is located within a key transit corridor and will benefit from proximity to the planned Wellington Gateway Bus Rapid Transit (BRT) project, which is designed to improve transit frequency and reliability with dedicated bus lanes between Downtown and South London, including enhanced multi-use infrastructure along Wellington Road. This project will strengthen connections to the broader city and employment areas and include multi-use active transportation paths for pedestrians and cyclists, further enhancing accessibility and connectivity. The location is also within walking distance of abundant amenities, including No Frills grocery store, GoodLife Fitness, Scotiabank, Giant Tiger, Petro-Canada, Nixon Medical Centre, Rexall Pharmacy, Cleardale Public School, Fanshawe College (South London Campus), White Oaks Mall, restaurants, and services - all supporting long-term housing stability, convenience, and quality of life. A rare opportunity to acquire a transit-oriented, ready-to-build site in South London with approvals in place and strong fundamentals for market-rate, affordable, or mixed housing delivery.
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Property details
Interior
- Interior
- 700-1100 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- Development Potential, Unfinished
- Heating
- Radiant
- Cooling
- None
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 106.51 × 162.12 ft
- Exterior
- Aluminum Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 2 car Detached
- Driveway
- Private Double (4 spaces)
- Parking
- 6 spaces
Fees & taxes
- Property tax
- $5,588/yr (2025)
Rooms
Main
- Living Room
- 3.4 × 5.3 m
- Bathroom, 4 Pc Bath
- n/a
- Dining Room
- 2.44 × 2.81 m
- Bedroom
- 3.48 × 2.4 m
- Primary Bedroom
- 3.47 × 3.44 m
- Sunroom
- 2.84 × 3.97 m
- Kitchen
- 2.92 × 3.45 m
Basement
- Laundry
- 2.75 × 3.5 m
- Recreation
- 5.59 × 3.73 m
Location & neighbourhood
DirectionsLondon South, ON
Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.
Monthly paymentest. $9,042/mo all in
Monthly payment estimate
Land transfer tax$28,473 on closing
Ontario LTT
$28,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 3 times · asking price up 220% from the first ask · sold 17% above the final ask
Listed Jan 13, 2026
Listed Jan 13, 2026
Listed May 4, 2023 · 8 days on market
May 12, 2023
8 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$525,000
102 Ansondale Road, London South
Sold$525,000
53 Renny Crescent, London South
See what these 6 homes sold for
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Market conditionsBuyer's market in London South
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.3% of asking.
Avg. sold price
$477,242
Sale-to-list ratio
97.3%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $383,000 household income
Minimum household income required
$383,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,895/mo median for 2 bed nearby
$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 24 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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