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    For Sale - 1563 Dale Street, London East, Ontario

    Est payment $2,160/mo
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    Views   3
    Time on Jump  45 day

    AI Summary *

    • Value-add handyman special near Fanshawe College with great rental demand.
    • Currently 80% rented, providing immediate cash flow from existing tenants.
    • Lower unit has separate entrance and shared laundry for easy rentals.
    • Potential to build a detached Additional Dwelling Unit in the rear yard.
    • Ideal for contractors and investors ready to realize forced appreciation.




    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.
    Listing IDX13523794
    Address1563 Dale Street
    CityLondon East, Ontario
    Price$449,900
    Bed / Bath5 / 2 Full
    StyleBungalow, Detached
    ConstructionBrick Veneer
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features In-Law SuiteOwnership FreeholdBasement Finished, Separate EntranceFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  TEAM GLASSER REAL ESTATE BROKERAGE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1563 Dale Street
    London East , Ontario
    5 2 $449,900
    Get more info