1563 Allen Pl, London, ON

Name: 1563 Allen Pl, For Sale in London - Zoocasa
Brand: oak and key real estate brokerage, inc.
SKU: X12768656
Price: 1239000 CAD

Real Estate

For Sale

Listed price in listed location currency (CAD).

$1,239,000

16610

MLS® X12768656

Overview

Key Facts

Type Multi Family

Levels Residential

Size -

Garage No

Taxes $10,276

Days Active 28

Lot Size

Approx. Age

MLS® Number X12768656

Property Address: 1563 Allen Pl, London, ON, N5W2V9

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberX12768656

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age

BasementOther

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 7, 2026List Date

$1,239,000List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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