Address
1563 Dale Street, London East, ON
Price
$ 449,900
Property Attributes
  • ID#X13523794
  • TypeSingle Family
  • Listing Status New
  • CityLondon East
  • AreaEast H
  • NeighbourhoodEast H
  • Postal CodeN5V 1Y1
  • StyleBungalow
  • Taxes$ 3202
  • Price$ 449,900
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage700-1100
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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 History
7/5/2026 Listed $449,900

General Features

Sewer Sewer
Cooling Central Air
Roof Asphalt Shingle
Architectural Style Bungalow
Pool Features None
Construction Materials Brick Veneer
Heater Type Forced Air
Parking Spaces 6
Property Subtype Detached
Tax Year 2025
Lot Depth 135.0
County Middlesex
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status New
City London East
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 3202.0
Standard Status Active
Occupancy Type Tenant
Legal Description PART LOT 50 PLAN 19 AS IN 714299 LONDON/LONDON TOWNSHIP

Interior Features

Interior Amenities In-Law Suite
Basement Finished,Separate Entrance
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 5
Elevator? No
Total Baths 2
Bedrooms 3+2
Living Area Range 700-1100

Exterior Features

Total Parking 6.0
Garage Type None
Foundation Details Poured Concrete
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in N5V 1Y1

Price
AVG $450K
$450K
Taxes
AVG $3,202
$3,202
Visits
AVG 259
258
Data Provided by Inside Real Estate®