Listed by Oak And Key Real Estate Brokerage, Inc..

1563 Allen Place is a Multiplex, 2-Storey and is currently for Sale @ $1,295,000. Taxes in 2025 were $10,276.00.

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Investor Alert! Welcome to 1563 Allen Place, a well-maintained six-plex offering exceptional cash flow potential in a sought-after London location. The 2-Storey on 1563 Allen Place has 16 bedrooms, 6 bathrooms, and is located on a 150.34 x 75.35 ft lot in the community of East H . 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.

Fridge x6, Stove x6

The address 1563 Allen Place was listed for sale (MLS# X12463938) on Wednesday, October 15, 2025.