For Sale: 1563 Dale Street, London, ON - REW
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$449,900
5 bd • 2 ba • 700 - 1099 sf • House
1563 Dale Street
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$449,900
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1563 Dale StreetLondon, ON, N5V 1Y1

Argyle
  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • House

About this home

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:63626)
Listed by: CODY TILBURY, Broker, TEAM GLASSER REAL ESTATE BROKERAGE INC.

Home facts and features

Price details
List Price
$449,900
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Gross Taxes for 2026
$3,202
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
6
Parking Details
No Garage
Property Type
House
Depth
135 feet
Frontage
53.0 feet
Title
Freehold
Style
Bungalow
Exterior Finish
Brick Veneer
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Separate entrance, ,
Features
In-Law Suite
Appliances
All
Community
Agent details
Primary Agent
Primary Broker
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Listing details
Days on REW
72 Days
Property Views
29
MLS® Number
X12949542
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Franklin D Roosevelt Public School
  • Public
  • JK - 8
John Paul II Catholic Secondary School
  • Catholic
  • 9 - 12
Académie de la Tamise
  • Public
  • JK - 6
St Pius X School
  • Catholic
  • JK - 8
Prince Charles Public School
  • Public
  • JK - 8
Evelyn Harrison Public School
  • Public
  • JK - 8
Blessed Sacrament School
  • Catholic
  • JK - 8
Sir John A Macdonald Public School
  • Public
  • JK - 8
St Anne's School
  • Catholic
  • JK - 8
É Élém C Ste-Jeanne-d'Arc
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
CODY TILBURY
Phone:
519-670-2618
Cell:
519-670-2618
Office:
519-670-0385
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.