566 Southdale Road E, London South

$1,399,900
566 Southdale Road E

$1,399,900

New
9d
DetachedBungalow

566 Southdale Road E, London South

Total Monthly Obligation $6,487

Beds
2
Baths
1
Park
4
Sqft
700-1100
DOM
9d
Score
14
Yield
1.8%
Cash on Cash
-15.5%
Cap Rate
1.3%
5Y IRR
3.6%
10Y IRR
5.4%
Property Type-Detached
MLS® Number-X14032038
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-106.51 × 162.12 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,588 (2025)
Parking-6 - Detached
Basement-Development Potential, Unfinished
Heating-Radiant (Other)
Brokerage-RIGHT AT HOME REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-South R
Title-Residential Freehold

No agent assigned

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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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,119,920
Land Transfer Taxes$24,473
Legal Fees (Est.)
$
Total cash required for closing$305,953

Total Monthly Obligation

$6,487/mo
Mortgage $5,647
Monthly Loss $5,002
Principal$1,486
Interest$4,161
Property Tax$466
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
0.9%7
Cash-on-Cash
-18.3%0
5-Year IRR
1.3%4
10-Year IRR
4.0%
Returns Index
3.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,428/yr
NOI
$12,797/yr
Net Cash Flow
-$4,580/mo
Cash Margin
-216.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.191
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 566 Southdale Road E

Time

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