$1,219,000
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1563 Allen Place, London East (east H), ON N5W2V9

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16 Beds
6 Baths
- Sq Ft

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:58753)

Listing By: COLIN ABBOT - OAK AND KEY REAL ESTATE BROKERAGE, INC. cncrea2 Realty.com
  • MLS® X12768656
  • Date Listed02/07/2026
  • Days on Realty 120 Days
  • Bedrooms 16
  • Bathrooms 6 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Appliances Refrigerator, Stove
  • Cooling Window air conditioner
  • Heating Radiant heat, Other

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Allen and Spruce. ** Directions: Spruce to Allen St.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N5W2V9

Discover key demographics, population statistics, and environmental insights for the London East (east H), ON area.

Walkability in ON / N5W2V9

Source: Walk Score

63/100

Somewhat Walkable

Walk Score ®

47/100

Some Transit

Transit Score ®

63/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

14 nearby routes: 14 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 42/100, Transit Score: 40/100, Bike Score: 50/100.

Points of Interest near 1563 ALLEN PLACE, London East (East H), ON N5W2V9

Frequently Asked Questions for 1563 ALLEN PLACE

Source: Realty.com

1563 ALLEN PLACE, London East (East H), ON N5W2V9 in London East (East H), ON N5W2V9 is a other listed at $1,219,000. Highlights include 16 bedrooms, 6 bathrooms. Realty.ca has 39 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 39 photos of 1563 ALLEN PLACE.

The full address for this home is 1563 ALLEN PLACE, London East (East H), ON N5W2V9.

1563 ALLEN PLACE has been listed on Realty.com since Sat February 07, 2026

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 42/100, Transit Score: 40/100, Bike Score: 50/100.

Listing provided courtesy of: OAK AND KEY REAL ESTATE BROKERAGE, INC.
Listing agent: COLIN ABBOT

This content last refreshed on 2026-06-07 11:59:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.