$479,900
Available - For Sale
Listing ID: X12786676
1563 Dale Street , London East, N5V 1Y1, Middlesex
| Calling all investors and contractors! This is your chance to acquire a value-add handyman special with incredible upside potential just 1.2 kilometers from Fanshawe College campus. This 3+2 bedroom bungalow presents a rare opportunity to force equity through strategic improvements while generating immediate cash flow from existing tenants. The property is currently 80% rented and is priced for your sweat equity - expect to invest in upgrades throughout to unlock its full potential. The lower unit features a kitchen with separate entrance and shared laundry configuration, providing immediate rental income while you execute your value-add strategy. What makes this property particularly exciting is the potential to build a detached Additional Dwelling Unit (ADU) in the rear yard under London's new zoning policies. With proper lot dimensions and coverage calculations, you could potentially add a brand-new 600-800 sq ft standalone dwelling unit behind the existing house, dramatically increasing the property's income potential and overall value. This strategy allows you to maximize your investment by creating a modern, secondary dwelling that commands premium rents while maintaining the existing house. Imagine the possibilities: renovate the main house, optimize the current suite configuration, and add a brand-new detached ADU - creating a true income-generating powerhouse. Being within walking/biking distance to Fanshawe College ensures consistent rental demand year after year, making this an ideal hold-and-build investment. This is a build-your-wealth opportunity for hands-on investors who understand the value of forced appreciation and aren't afraid to roll up their sleeves. Perfect for contractors looking to leverage their skills or savvy investors with renovation connections ready to unlock this property's full potential. |
| Price | $479,900 |
| Taxes: | $3202.00 |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 1563 Dale Street , London East, N5V 1Y1, Middlesex |
| Directions/Cross Streets: | Oxford & Highbury |
| Rooms: | 6 |
| Rooms +: | 5 |
| Bedrooms: | 3 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Finished, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 16.3 | 11.48 | |
| Room 2 | Main | Kitchen | 13.32 | 9.64 | |
| Room 3 | Main | Primary B | 11.22 | 9.58 | |
| Room 4 | Main | Bedroom | 9.97 | 9.97 | |
| Room 5 | Main | Bedroom | 9.97 | 8.99 | |
| Room 6 | Lower | Kitchen | 11.97 | 9.97 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick Veneer |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 700-1100 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| TEAM GLASSER REAL ESTATE BROKERAGE INC. |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East H |
| Style: | Bungalow |
| Approximate Age: | 51-99 |
| Tax: | $3,202 |
| Beds: | 3+2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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