1563 ALLEN PLACE

London East (East H), , N5W2V9, Canada

$1,295,000

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.

EXTRAS: Refrigerator, Stove

Virtual Tour: https://1563-allen-place-six-ple-rx6o71x.gamma.site/

Last updated on : Thursday 30th of October 2025 07:35:29 PM

ADDRESS

Street : 1563 ALLEN PLACE

City : London East (East H)

Country : Canada

Postal Code : N5W2V9

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PROPERTY SUMMARY

Property ID : X12463938

Building Type : Other

Property Type : Multi-family

Bedrooms : 16

Bathrooms : 6

Parking : 10

Parking Type: No Garage

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