1563 Dale Street
London East, ON
- 5 bed
- 2 bath
- approx. 700-1100 sqft
- Detached
- 70 days on market
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 Details
- Taxes (2025)
- $3,202
- Listed
- July 3, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Age
- 51-99
- Construction
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- In-Law Suite
- Lot Size
- 53 x 135 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Oxford & Highbury
- Zoning
- R1-6
- Parcel Number
- 081070143
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- All appliances as seen
- Exclusions
- tenant belongings
- Rental Items
- water heater
Schools
Elementary
- Forest City Public School Public School0.4 km
Public · Thames Valley DSB · 345 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 19% met the provincial standard
- Académie de la Tamise1.2 km
French public · CS Viamonde · 260 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 86% met the provincial standard
- Robarts Provincial School for the Deaf1.2 km
Provincial · Provincial and Demonstration Schools
Secondary
- John Paul II Catholic Secondary School1 km
Catholic · London District Catholic School Board · 940 students
Grade 10 literacy: 71% met the provincial standard
- Robarts Provincial School for the Deaf1.2 km
Provincial · Provincial and Demonstration Schools
- Robarts/Amethyst Demonstration Secondary School1.2 km
Provincial · Provincial and Demonstration Schools
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5V
- Population
- 32,961
- Private dwellings
- 13,236
- Median age
- 36.4
- Average household size
- 2.6
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,331
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,331 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Main, 3-piece on Lower
Main
- Bedroom10' x 10'
- Bedroom10' x 9'
- Kitchen13'4" x 9'8"
- Living Room16'4" x 11'6"
- Primary Bedroom11'3" x 9'7"
Lower
- Kitchen12' x 10'
Listed by
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
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Mortgage Calculator
$89,980
Estimated Monthly Payment
$2,210
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,210/mo (20% down, 5.5%)
Taxes: $267/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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