1563 Dale Street, London East, ON N5V 1Y1
East H, London East · Near Oxford & Highbury · View map
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Finished, Separate Entrance
- Lot size
- 53 x 135 ft
- Faces
- South
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick Veneer
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
Taxes & other
- Property taxes
- $3,202/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Tenants on lease
- Cross street
- Oxford & Highbury
- Neighbourhood
- East H
More
- Price per sq ft
- ~$444 (at 900 sq ft)
- Listed
- Oct 1, 2026 · 12 days ago
- MLS® number
- X13850720
No matching details. Ask Will instead
The home and its surroundings
- In-Law Suite
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1563 Dale Street, London East, ON N5V 1Y1
East H, London East · Near Oxford & Highbury
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 1563 Dale Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 1563 Dale Street
Answers come straight from this home’s MLS® listing.
How much is 1563 Dale Street listed for, and what would it cost each month?
1563 Dale Street is listed for $399,900. With 20% down ($79,980), the mortgage payment would be roughly $1,613 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,880 a month, all in. That figure is an illustration, not a quote.
Is 1563 Dale Street freehold or a condo, and is there a monthly fee?
1563 Dale Street is a bungalow in East H, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1563 Dale Street have?
1563 Dale Street has 3 bedrooms, plus 2 more bedrooms in the basement, and 2 bathrooms.
Does 1563 Dale Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 1563 Dale Street have a finished basement?
The listing describes the basement as finished, separate entrance. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 1563 Dale Street?
1563 Dale Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 1563 Dale Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 53 x 135 ft.
How is 1563 Dale Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 1563 Dale Street?
Property taxes are $3,202 a year (2025), or about $267 a month.
Where is 1563 Dale Street?
1563 Dale Street is in the East H community of London East. The nearest main intersection is Oxford & Highbury. The postal code is N5V 1Y1.
How long has 1563 Dale Street been on the market?
1563 Dale Street was listed on October 1, 2026. It has been on the market for 12 days. It is an active listing (MLS® X13850720). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 1563 Dale Street asking?
Similar bungalow-style homes for sale nearby right now include 290 Vancouver Street at $424,500 (3 bed), 326 Avondale Road at $449,000 (3 bed) and 348 Winnipeg Boulevard at $455,000 (3+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1563 Dale Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1563 Dale Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near East H, picked by style, size and price.
Bungalow$424,500290 Vancouver Street, London East3 bed · 1 bath · East HCourtesy of: KELLER WILLIAMS LIFESTYLESView home →
Bungalow$449,000326 Avondale Road, London East3 bed · 2 bath · East HCourtesy of: RIGHT AT HOME REALTYView home →
Bungalow$455,000348 Winnipeg Boulevard, London East3+3 bed · 2 bath · East HCourtesy of: THE REALTY FIRM INC.View home →Courtesy of: TEAM GLASSER REAL ESTATE BROKERAGE INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.