$449,900
FOR SALE

Detached Bungalow

Bedrooms: 5Bathrooms: 2Lot: 53 x 135 ft
2025 Taxes: $3,202

1563 Dale St
London East, ON N5V 1Y1 | East H | 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.
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Listed By TEAM GLASSER REAL ESTATE Brokerage INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12949542
Last Updated May 05, 2026
Property Summary
Property Type Detached

More like this:
Legal Description PART LOT 50 PLAN 19 AS IN 714299 LONDON/LONDON TOWNSHIP
Possession Date Tenants on lease
Taxes (2025) $3,202
Directions/Cross Streets Oxford & Highbury
Neighbourhood East H
Area Middlesex
Price History

Interested in obtaining the full price history for this property?
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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 5
Bathrooms 2
Lot 53 x 135 ft
Exterior Brick Veneer
Air Conditioning Central Air
Family Room Y
Basement Finished, Separate Entrance
Garage Type None
Parking Spaces 6
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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