1563 Dale Street, London East (East H) ON

About 1563 Dale Street

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. (id:56071). Get more information on 1563 Dale Street

Property Features

Appliances:  All
Features:  In-Law Suite
Rental Equipment:  Water Heater
Directions:  Cross Streets: Oxford & Highbury. ** Directions: From Oxford and Highbury head east on Oxford, turn south on Second, turn west on Dale, property will be on your left half way down the street.
Zoning Description:  R1-6
Interior Size:  700 - 1100 sqft
Lot:  53 x 135 FT 53 x 135 FT
Exterior Finish:  Brick Veneer
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 51 to 99 years
Foundation: Poured Concrete
Basement:  N/A (Finished), N/A Finished

Rooms & Sizes

Kitchen Lower level 3.65 m x 3.04 m	Living room Main level 4.97 m x 3.5 m	Kitchen Main level 4.06 m x 2.94 m
Primary Bedroom Main level 3.42 m x 2.92 m	Bedroom Main level 3.04 m x 3.04 m	Bedroom Main level 3.04 m x 2.74 m