Who’s looking for a profitable property?
If you’re looking for a house for sale with income potential in London, this detached bungalow offers multiple ways to generate value. With a finished in-law suite, separate basement entrance, large lot, and strong rental potential, this property is ideal for end users, house hackers, landlords, and real estate investors.
The finished in-law suite, complete with a separate entrance, makes this an attractive house with an in-law suite for sale in London, Ontario. The two-level setup provides an estimated $4,100-$4,900/month in combined rental income, plus future ADU and garden suite potential.
This property also offers a large half-acre lot, an oversized detached garage that already has its own hydro, and tons of parking. Smaller comparable properties in worse condition are selling in the high $500Ks. Properties of this size and with this much land are consistently selling for over $600K, making this one a no-brainer.
Located in East London near Dundas Street & Veterans Memorial Parkway, the property offers convenient access to the Argyle BIA shopping district, London International Airport, East Park, and Fanshawe Conservation Area.
How Can You Profit?
1) Move In With Equity
This home offers over $200K in potential instant equity. Many updates have already been completed, including several major big-ticket items.
Get more house, more land, and a finished lower-level in-law suite at a discounted purchase price. For buyers searching for a bungalow with an in-law suite in London, Ontario, this property provides both living space and future income potential.
Realtors, bring your buyers. 3.5% co-op included!
2) Buy & Hold / House Hack
The home is currently set up as two 2-bedroom living areas.
Estimated rent is:
- Upper level: $2,300-$2,600/month
- Lower level: $1,800-$2,300/month
- Combined estimated rent: $4,100-$4,900/month
Live in one level and rent out the other, or rent both levels, subject to the buyer confirming compliance and permitted use.
For investors searching for an income property for sale in London, Ontario, a house with a basement apartment in London, or a house hacking opportunity in London, Ontario, the separate entrance and existing lower-level setup provide several possible strategies.
The property may also appeal to buyers comparing duplexes for sale in London, Ontario or other multi-family homes for sale in London, Ontario, while offering the space and feel of a detached bungalow.
3) Easy Wholetail
In this market, smaller and more dated homes without basement apartments are selling in the $500Ks.
Complete some light touch-ups and potentially resell for over $600K, providing over $200K in potential spread for relatively minimal work.
With a separate lower-level living area, this property stands out from many traditional detached homes and provides additional appeal for buyers looking for a home with rental income in London, Ontario.
4) Future Garden Suite / ADU Potential
The 104′ x 247′ lot is well above the size where future density and additional dwelling options may be worth investigating.
The oversized detached garage already has hydro in place, while the large yard, wide frontage, and extensive parking provide several possibilities for future ADU or garden suite investigation.
Any future additional dwelling unit, garden suite, basement legalization, or redevelopment potential is subject to municipal approvals, zoning, building requirements, and buyer due diligence.
Property Summary
– LOCATION: London, ON near Dundas St & Veterans Memorial Pkwy
– PURCHASE PRICE: $424,900 Or Best Offer (includes 3.5% co-op!)
– DIRECT BUYER DISCOUNTED PRICE: $399,000 Or Best Offer
– CURRENT MARKET VALUE: $630,000
– CLOSING: August 20, 2026 (Fast close for a great deal! This is an Assignment Sale)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+2 beds / 1+1 baths
– PARKING: Large detached garage with power + TONS of driveway spaces
– BASEMENT: Finished with in-law suite, separate entrance, 2 bedrooms, full bathroom, and full kitchen
– SQFT: 1,485
– LOT: 104′ x 247′ (just over half an acre; supports future garden suite investigation)
– AGE: 1959
– PROPERTY TAX: $4,627 (2025)
– POSSESSION: Vacant
– POTENTIAL RENT: Estimated $4,100-$4,900/month combined
Renovations Needed
– This property is move-in / rent-ready. No significant renovations required.
– Investigate legalizing the basement apartment for maximum resale and rental value.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
Good News
– $230K of potential instant equity!
– Separate basement entrance with 2 bedrooms, full bathroom, and full kitchen
– 104′ x 247′ tree-lined lot with future garden suite potential, subject to approvals
– Heating system updated in 2021
– Water heater updated in 2022
– Windows and doors updated in 2022
– UV system updated in 2025
– Oversized detached garage with hydro
– Strong potential as an investment property for sale in London, Ontario
– Two-level configuration offering multiple rental property and house hacking strategies
LISTING ID: 0726-LON-F02
Please let us know if you want to view the property or receive the full info package, including comparable solds, MPAC information, and more.
Thank you,
Aaron Moore, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.