- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700–1,100sq ft
- Per sq ft
- $1,555at the range’s middle
- Lot
- 106.51 x 162.12 ft
- Tax a year
- $5,5882025 tax year
- Parking
- 62 detached
- Days on market
- Members
The brief
About 566 Southdale Rd
566 Southdale Rd is a 2-bedroom, 1-bathroom detached house in South R, London South, listed for sale at an asking price of $1,399,900 (MLS® X14032038).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$5,153/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 21 detached homes with 2 bedrooms for lease in London South right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,588 / 2025
- MLS® number
- X14032038
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 106.51 x 162.12 ft
- Listed on
- Parking
- 2 Detached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- South R
- Municipality
- London South
Building
- Size
- 700-1100 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- Development Potential
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 4
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Radiant
Land
- Sewer
- Sewers
- Frontage
- 106.51 ft
- Depth
- 162.12 ft
- Lot Size
- 106.51 x 162.12 ft
Additional
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 2.4 × 3.48 m | — | Main |
| Primary | 3.44 × 3.47 m | — | Main |
| Dining | 2.81 × 2.44 m | — | Main |
| Kitchen | 3.45 × 2.92 m | — | Main |
| Living | 5.3 × 3.4 m | — | Main |
| Sunroom | 3.97 × 2.84 m | — | Main |
| Laundry | 3.5 × 2.75 m | — | Bsmt |
| Rec | 3.73 × 5.59 m | — | Bsmt |
| Bathroom | 0.0 × 0.0 m | 4 Pc Bath | Main |
Listing history
Buy/sell history for 566 Southdale Rd, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,399,900 | N/A | For Sale | X14032038 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $279,980
- Total mortgage amount
- $1,119,920
- Total interest payment
- $796,180
- Total purchase cost
- $2,196,080
- Mortgage payment
- $6,387/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
85%Monthly carrying cost
$6,853- Rent $1,700
- Shortfall $5,153
Rental income opens at $1,700, the median asking rent of 21 comparable homes for lease in London South. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $24,473
- Total land transfer tax
- $24,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $20,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,399,900
- $19,998
- Ontario total
- $24,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 17,267 sq ft1,604 m²
- Street frontage
- 106.51 ft32.5 m
- Depth
- 162.12 ft49.4 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Cloverdale Paint Inc. — KELCOATINGS LIMITED, 1.7 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in South R right now
- For sale now
- 9
- Median asking price
- $675K
- New in 7 days
- 1
- Price cuts
- 11%
Middle half: $619K to $698K
5 in 28 days
1 listing
This home is asking 107% above the median, higher than three quarters of them.
See all homes in South RAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Cleardale Public SchoolThames Valley DSB | Public · grades JK–8 | 650 m | 68%Grade 6 average |
| Rick Hansen Public SchoolThames Valley DSB | Public · grades JK–8 | 650 m | 47%Grade 6 average |
| Sir Arthur Carty Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 750 m | 74%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 4.3 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Sir Wilfrid Laurier Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.3 km | 51%Grade 9 math |
| London South Collegiate InstituteThames Valley DSB | Public · grades 9–12 · French Immersion | 3 km | 49%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 5 km | 57%Grade 9 math |
| École secondaire Gabriel-DumontConseil scolaire Viamonde | French-language public · grades 9–12 | 5.1 km | 77%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in South R are shown to signed-in members.