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$1,295,000
Ontario,London East (East H)
For Sale Active
1563 ALLEN PLACE, London East (East H), Ontario N5W2V9
  • 16
  • 6
  • 3500 - 5000Square Feet
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Basic Details
Description

Investor Alert! Welcome to 1563 Allen Place, a well-maintained six-plex offering exceptional cash flow potential in a sought-after London location. This solid income-producing property features five 3-bedroom units and one 1-bedroom unit. Current gross annual income exceeds $102,900. The property includes an on-site coin-operated laundry (owned) for additional revenue and is self-managed, keeping operating costs low. Estimated monthly expenses average

$2,238, including insurance, taxes, cleaning, hydro for common areas, and snow removal, resulting in an impressive projected NOI of $76,000 per year. Tenants enjoy spacious layouts, ample parking, and proximity to Western University, Fanshawe College, shopping, parks, and public transit, making this a highly desirable rental location with consistent demand. With stable tenants in place and rental growth on the horizon, this property is a turnkey addition to any investor’s portfolio. Whether you’re expanding your holdings or looking for a reliable income property in London’s rental market, 1563 Allen Place offers the perfect balance of steady income, future growth, and low management overhead. Full Income/Expense Summary can be found in Documents. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12463938
  • Price: $1,295,000
  • Bedrooms: 16
  • Bathrooms: 6
  • Square Footage: 3500 - 5000 Sqft
  • Status: Active
  • Office Name: OAK AND KEY REAL ESTATE BROKERAGE, INC.
  • Property Sub Type: Multi-family
  • Office Key: 293785
Features & Appliances
Features
  • Heating System: Other, Radiant heat
  • Cooling System: Window air conditioner
  • Basement: N/A, Other, See Remarks
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East H), N5W2V9
  • Street: Allen
  • Street Number: 1563
  • Street Suffix: Place
  • Longitude: W82° 48' 22.9''
  • Latitude: N42° 59' 49.9''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 75.4 x 150.3 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 10276
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Listing updated: 2025-12-10 07:58:14
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Listing Information
  • List Agent Key: 2005409
  • List Office Key: 293785
  • Modification Timestamp: 2025-10-30T23:35:29Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-10-30T23:22:22Z
Powered by REALTOR.ca
Listing updated: 2025-12-10 07:58:15
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