1515 Dylan Street, London East

$799,999
1515 Dylan Street

$799,999

New
18d
Detached2-Storey

1515 Dylan Street, London East

Total Monthly Obligation $3,993

Beds
5
Baths
4
Park
2
Sqft
1500-2000
DOM
18d
Score
18
Yield
4.6%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-X13868962
Beds-5
Bathrooms-4
Size-1500-2000 sqft
Lot Size-40.13 × 106.8 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$4,694 (2025)
Parking-4 - Attached
Basement-Apartment, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Concrete Poured, Shingle
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60/90 days/Flexible.
Neighbourhood-East D
Title-Residential Freehold

No agent assigned

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.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$639,999
Land Transfer Taxes$12,475
Legal Fees (Est.)
$
Total cash required for closing$173,975

Total Monthly Obligation

$3,993/mo
Mortgage $3,227
Monthly Loss $3,144
Principal$849
Interest$2,378
Property Tax$391
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.8%27
10-Year IRR
9.6%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,600/yr
NOI
$23,746/yr
Net Cash Flow
-$1,248/mo
Cash Margin
-40.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1515 Dylan Street

Time

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