An assessment of the heavy metal levels associated with municipal waste in the vicinity of the Pele dumpsite, Ondo State, Nigeria, has been undertaken with the view of evaluating the environmental hazards associated with the dumpsite. A total of 23 composite soil samples were collected, measured, and analyzed for six toxic metals, and three dipole–dipole profiles were occupied within the study area. Six different pollution indices were used to evaluate the soil pollution level and ecological risk associated with the dumpsite. The 2D electrical resistivity method was used to delineate the extent of the pollution plume. The mean concentration (in µg/g) of the metals followed a descending order as Zn (75.78) > Cu (37.09) > Pb (25.96) > Cr (6.77) > Ni (5.43) > Cd (0.38). The geoaccumulation indexes revealed Cu (0.56–2.88), Pb (0.49–2.52), and Zn (0.58–2.37) as low to moderate pollutants, while Cd (1.70–6.80) was classified as a moderate-to-considerable high-level pollutant. The ecological assessment indicated moderate risk at most of the sampling points. The 2D resistivity model revealed the weathered layer, which makes up the primary aquifer units, had relatively low resistivity zones, indicating the influence of leachates from the dumpsite, and the vertical expanse of leachate movement was evaluated to be > 25 m. The existence of this pollution plume poses threat to the ecosystem and the health of the surrounding population. Proper management is recommended to resolve this probable ecosystem and health issue.