More Photos

×

    For Sale - 1563 Dale Street, London East, Ontario

    Est payment $1,920/mo
    Get pre-qualified
    Views   1
    Time on Jump  1 days

    AI Summary *

    • Handyman special with excellent potential, just 1.2 km from Fanshawe College.
    • Currently 80% rented, providing immediate cash flow from existing tenants.
    • Opportunity to add a detached unit for increased income through new zoning.
    • Room for strategic renovations to enhance property value and rental potential.
    • Ideal for investors and contractors looking to leverage renovation skills.




    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 IDX13850720
    Address1563 Dale Street
    CityLondon East, Ontario
    Price$399,900
    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
    ASAP

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    1628 Churchill Avenue
    London East, Ontario.
    2 Beds | 1 Baths
    $389,900
    1053 Frances Street
    London East, Ontario.
    2 Beds | 2 Baths
    $349,900
    367 Hamilton Road
    London East, Ontario.
    4 Beds | 2 Baths
    $389,900
    211 Highbury Avenue
    London East, Ontario.
    3 Beds | 2 Baths
    $359,900
    78 Stuart Street
    London East, Ontario.
    2 Beds | 1 Baths
    $379,900
    791 Quebec Street
    London East, Ontario.
    5 Beds | 2 Baths
    $449,900
    16 Redan Street
    London East, Ontario.
    4 Beds | 2 Baths
    $409,900
    1030 York Street
    London East, Ontario.
    3 Beds | 1 Baths
    $399,900
    24 Graydon Street
    London East, Ontario.
    2 Beds | 2 Baths
    $438,900
    Loading...
    1563 Dale Street
    London East , Ontario
    5 2 $399,900
    Get more info