$1,399,900
Est. payment $6,198/moCalculate yours
566 Southdale Road E, London South, ON N6E 1A6
South, London, ON N6E 1A6
- 2 Beds
- 1 Baths
- 2 Garage
- 700 Sq Ft
Listing courtesy of RIGHT AT HOME REALTY MLS® X14032038
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- Development Potential, Unfinished
Building & Systems
- Heating
- Radiant (Other)
- Cooling
- None
- Exterior
- Aluminum Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 106.51 x 162.12 Feet
- Parking
- Detached garage · 6 total
Financial
- Property Taxes
- $5,588 (2025)
Location
- Neighbourhood
- South
- Cross Street
- Easy Street
- Direction Faces
- South
Listing
- MLS® Number
- X14032038
- Days on Market
- 4
- Listed On
- 2026-10-14
- Listed By
- RIGHT AT HOME REALTY
Rooms
Features
Interior
- Water Heater Owned
- Workbench
Pool
- None
Mortgage calculator
Estimated mortgage payment
$6,198 per month
- Principal and interest
- $6,198
- Property tax
- $466
- Condo fees
- $0
- Estimated monthly cost
- $6,664
Your mortgage
- Mortgage amount
- $1,119,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $739,616
Cash to close
- Down payment
- $279,980
- Land transfer tax
- $24,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $304,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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