Bungalow with ADU permit and giant garage in London South

It's a 2-bed, 1-bath bungalow on a 40x136 ft lot, all on one level. Nearly 1,700 sq ft total. Updated throughout, so it's ready to live in now. Kitchen has quartz counters and stainless appliances. The 5-piece bath is huge, with a double vanity. Flooring is laminate and tile throughout. Original fireplace is just decorative now. You've got a back deck and fully fenced yard. Detached garage/shop is enormous at 21'6" x 26', heated and insulated. It has its own hydro meter, water, and CCTV, so it works as a workshop or for a business. There's also a building permit already issued for a detached 2-bed ADU, about 838 sq ft. Plans are ready - you'd just need to build it. Main house rents for $1,950/month, garage could pull $1,100. Once the ADU is up, you're looking at $5,000/month total rent. Property taxes run $3,772/year. You're in South London, close to downtown. Labatt Park is 1.5 km, Budweiser Gardens 1.7 km, and the Children's Museum is 1.1 km. Lots of restaurants nearby including Ben Thanh and Waldo's On King. Costco and shopping are a short drive away too. Priced at $575,000 - that's bit above the $374k median nearby, but you're paying for the updates and the ADU potential. It sold recently for $534,900, but the current owner added the metal roof in 2019, new furnace and heat pump in 2023. For an investor or someone who wants a workshop, it's a solid play.