This one's priced below recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.
London East · East H
1563 Dale Street
Detached
MLS® #X13850720
Listed for$399,9004 days on market
3+2 bed 2 bath 6 parking 700-1100 sq ft~$444/sq ft
New this week
Transit stop ~67.6 km
Free · about 10 seconds
Is $399,900 a fair price?
Our read: it’s priced below recent comparable sales — based on 60 sales nearby. Sign in free to see exactly how far below it is, plus the full range comparable homes sold in.
Est. all-in monthly~$2,128/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Description & details
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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
For sale
