Detached House sold at 1563 Dale Street, London East, Ontario, N5V 1Y1 - East H - MLS: X12786676

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1563 Dale Street

London East, Ontario, N5V 1Y1 - East H

$469,900

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Neighbourhood

East H
Major Intersection

Oxford & Highbury

Listed Since: 80 day(s)
Last update: 32 day(s) ago

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Overview

Property Type

Detached, Bungalow
Bedrooms

3 + 2
Bathrooms

2
Basement

Finished + Sep Entrance
Kitchen

1 + 1
Total Parking

6
Lot Size

53x135 (Feet)
Taxes

$3,202.00 (2025)
Type

Freehold

Property Description

Property description for 1563 Dale Street, London East

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.

Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.

Property details

MLS #

X12786676
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

n/a
Garage

None
Total Parking

6
Family Room

Y
Den

Y
Exterior

Brick Veneer
Fireplace

N
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X12786676
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

n/a
Garage

None
Total Parking

6
Family Room

Y
Den

Y
Exterior

Brick Veneer
Fireplace

N
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

4.97 x 3.5 ft Main level
Kitchen

4.06 x 2.94 ft Main level
Primary

3.42 x 2.92 ft Main level
Br

3.04 x 3.04 ft Main level
Br

3.04 x 2.74 ft Main level
Kitchen

3.65 x 3.04 ft Lower level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 1563 Dale Street, London East

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

Estimated price

Date

Price

Change

2026-02-13

$475,026

1.04%

Local Real Estate Price Trends for Detached in East H

Active listings

Average Selling Price of a Detached

April 2026

$425,063

Last 3 Months

$453,524

Last 12 Months

$490,209

April 2025

$419,000

Last 3 Months LY

$491,208

Last 12 Months LY

$505,750

Change

-8%

Change

-3%

Average Selling price

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Closing Cost Calculator

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Purchase Price

First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.