Legal Secondary Dwelling Unit with Lookout Basement - Prime Investment Opportunity Discover 1515 Dylan St, London-a detached residence offering exceptional dual-living potential. Occupy the upper level while generating income from the lower unit, or maximize rental returns by leasing both levels to offset mortgage obligations or achieve full rental income. This well-appointed home features a generous main floor layout encompassing living, dining, and kitchen spaces. The upper level comprises four bedrooms, including a luxurious master suite with ensuite bathroom, plus a shared washroom and laundry facilities. The main floor showcases an open-concept design enhanced by hardwood flooring, premium quartz kitchen countertops, high-end stainless steel appliances, a center island, and a powder room. The lookout basement offers a 9-foot ceiling height and independent entrance, complete with dedicated laundry facilities, a spacious master bedroom with closet storage, and a full kitchen. The property includes a stone double-wide driveway accommodating two vehicles, supplemented by a two-car garage. Current Occupancy: The upper level and basement are presently tenant-occupied and require a minimum 24-hour notice for viewings. Upper level tenants will vacate by the end of November 2026, while basement tenants maintain a month-to-month lease arrangement.** Tenant in the process of packing for moving out** - professional move out cleaning will be done before move in** Strategic Location: Situated just 10 minutes from Western University and 5 minutes from Fanshawe College, the property provides convenient access to Food Basics, Shoppers Drug Mart, diverse dining options, Walmart, hospital facilities, Veterans Memorial Parkway, Fanshawe Conservation Area, and numerous elementary, secondary, public, and Catholic educational institutions.
| MLS # | X13868962 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 37 |
| Listing Provided By | RIGHT AT HOME REALTY | X13868962 10004700 |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.10 |
| Property View | City, Park, Greenbelt |
| Interior Features | Sump Pump, Water Heater |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Topography | Dry, Sloping |
| View | City, Park/Greenbelt |
| Construction Materials | Concrete Poured, Shingle |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private Double |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 4694 |
|---|---|
| Tax Assessed Value | 280000 |
| Tax Legal Description | LOT 112, PLAN 33M757 SUBJECT TO AN EASEMENT FOR ENTRY AS IN ER1289183 CITY OF LONDON |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N5V 0B9 |
| Area | East D |
| Listing VS Median (in N5V 0B9) | |
Price: $799,999 low | high Med: $0 On site: 37 low | high Med: | |
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N5V 0B9 |
| Area | East D |
| Listing VS Median (in N5V 0B9) | |
Price: $799,999 low | high Med: $0 On site: 37 low | high Med: | |