$1,399,900
London South
566 Southdale Road East, London South (South R), Ontario, N6E1A6
This lot in London South is for sale offering roughly 17,048 sq ft of space. It has been on the market 22 days, fresher than the London South average of 58 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 58 days across the listings currently for sale in this city
This 2-bed vacant land in London South (South R) has been listed for 22 days, which is 36 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,399,900, about 18.7× the local median household income of $75,000.
Carrying it typically needs a household income of about $273,449 (20% down, 25-yr amortization, stress-tested) — roughly 265% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6E)
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