N5V1Y1 Real Estate

Welcome to the vibrant community of N5V1Y1, a charming zip code nestled in the heart of London East, Ontario. This area is a hidden gem that beautifully blends urban convenience with suburban tranquility, making it an ideal place for families, young professionals, and retirees alike.

N5V1Y1 is characterized by its friendly neighborhoods, where tree-lined streets and well-maintained parks invite residents to enjoy the outdoors. The community boasts a variety of amenities, including local shops, cafes, and restaurants that cater to diverse tastes and preferences. Whether you’re in the mood for a leisurely brunch or a cozy dinner, you’ll find plenty of options just a stone's throw away.

Education is a cornerstone of the N5V1Y1 area, with several reputable schools nearby, ensuring that families have access to quality education for their children. For those who appreciate nature, the nearby parks and recreational facilities offer ample opportunities for outdoor activities, from walking and biking trails to sports fields.

Conveniently located near major highways and public transport, residents can easily navigate the city and beyond, making commuting a breeze. The neighborhood is also close to essential services, including healthcare facilities and shopping centers, ensuring that everything you need is within reach.

As you explore the N5V1Y1 area, you'll discover a welcoming community that prides itself on its diversity and inclusivity. With its perfect blend of convenience, charm, and community spirit, N5V1Y1 is not just a place to live; it’s a place to call home. Come and experience the warmth and vibrancy of this delightful neighborhood in London East, Ontario!

$449,900

5 Beds ⋅ 2 Baths ⋅ X13523794 MLS® #

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:5764)

1563 Dale Street, London East (East H)

Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC..

N5V1Y1 Real Estate

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