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. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
1,500 sq. ft.139 m2
Living Area (Max):
2,000 sq. ft.186 m2
Zoning:
R1-4
Taxes:
$4,694 /
2026
Community:
East D
Exterior Features:
Concrete, Shingles
Security Features:
Smoke Detectors
View:
City view
Structure Type:
House
Utilities:
Sewer, Electricity, Cable
Appliances Included:
Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Water Heater
Bedrooms:
5
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
4.0
Half Bathrooms:
1
Cooling:
Central air conditioning
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Forced air, Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Full, Apartment in basement, Separate entrance, N/A
Lot Frontage:
40'1¼"12.2 m
Lot Details:
40.1 x 106.8 FT ; 106.79 ft x 40.13ft x 106.80ft x 40.13ft
Data was last updated October 25, 2026 at 05:15 AM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$499,450
Min list price:
$244,900
Max list price:
$799,999
Avg days on market:
50
Min days on market:
3
Max days on market:
214
Avg price per sq.ft.:
$270.17
These statistics are generated based on the current listing's property type
and located in
East D. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.