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For sale
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$1,599,900

Est. $7,495/mo mortgage

2bd·1ba·700-1,100sqft

566 Southdale Road · London South, N6E 1A6

MLS® X12691706

253 days on market253 days on market

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

Directions
White Oaks

London 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

Mortgage (5.07%, 25yr)$7,495
Property tax$964
Insurance (est.)$333
Utilities (est.)$250
Total monthly$9,042
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

$1,599,900

Listed Jan 13, 2026

On the market
$1,599,900 220%

Listed Jan 13, 2026

On the market
$499,900

Listed May 4, 2023 · 8 days on market

Sold

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

102 Ansondale Road, London SouthSold

102 Ansondale Road, London South

3 bd·2 ba·1,100-1,500 sqft
53 Renny Crescent, London SouthSold

53 Renny Crescent, London South

3 bd·2 ba·700-1,100 sqft

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.

Buyer's marketBalancedSeller's market

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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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