1567 Allen Place, London | Image 1

1567 Allen Place

London, East E

  • Commercial

$1,599,900
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R8-1

  • Age: 51-99 years

  • Taxes: 9423.04

  • MLS®#: X9305237

  • Added: Sep 06, 2024 (1 month ago)

  • Updated:

  • Last Checked: 22 hours ago

  • Listed By: CENTURY 21 FIRST CANADIAN CORP

VERY SOLID 6 UNIT BUILDING CLOSE TO FANSHAWE COLLEGE AND ALL AMENITIES. 4 X 3 BEDROOM UNITS AND 2 X 1 BEDROOM UNITS. THERE IS ALSO AN ADDITIONAL SPACE IN THE LOWER LEVEL COULD EASILY BE USED AS AN APARTMENT(CURRENTLY JUST STORAGE FOR THE OWNER) COIN LAUNDRY ON SITE. STORAGE LOCKERS AVAILABLE FOR EACH UNIT. TONS OF PARKING IN THE REAR AND BUS ROUTES VERY VERY CLOSE BY. THIS IS A TURN KEY INVESTMENT OPPORTUNITY AND CREATES FANTASTIC INCOME. 2023 NUMBERS AS FOLLOWS...Total rental income 130425.03 Laundry income 1000 Property taxes 6721 Insurance 4223 Gas 6758 Hydro 8235. THE LOCATION MAKES THESE UNITS SO EASY TO RENT. DONT MISS IT.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: London

  • Community: East E

  • Availability Date: FLEX

Inside

  • Bathrooms: 6

  • Air Conditioning: N

  • Washrooms: 6

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2024

  • Tax Legal Description: LOT 10, PLAN 894 LONDON/LONDON TOWNSHIP

  • Taxes: $9,423

  • Expenses: Act

  • Insurance Fee: 4223

  • Hydro Expense: 8235

  • Heat Expenses: 6758

  • Taxes Type: Annual

  • Taxes: 9423

Land

  • Cross Street: SPRUCE AND DUNDAS

  • Municipality District: London

  • Parcel Number: 081110046

  • Lot Depth: 150 Feet

  • Lot Frontage: 75 Feet

  • Zoning: R8-1

Commercial Specific

  • Total Area: 4900

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Financial Statement: N

  • Gross Income/Sales: 131425

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Somewhat Walkable

  • Some errands can be accomplished on foot.
64 /100

Some Transit

  • Most errands require a car.
45 /100

Very Bikeable

  • Most errands can be accomplished on bike.
72 /100
Map of 1567 Allen Place, London
JK-8

St Bernadette Separate School

Elementary: Catholic
1.91 km
JK-8

St Pius X Separate School

Elementary: Catholic
0.76 km
JK-6

Académie de la Tamise

Elementary: Public
0.83 km
JK-8

Franklin D Roosevelt Public School

Elementary: Public
1.42 km
JK-8

Prince Charles Public School

Elementary: Public
0.58 km
K-8

Princess AnneFrench Immersion Public School

Elementary: Public
1.23 km
9-12

Robarts Provincial School for the Deaf

Secondary: Provincial
2.13 km
Pre-Grade 9-12

Robarts/Amethyst Demonstration Secondary School

Secondary: Provincial
2.13 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
1.13 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
3.07 km
9-12

John Paul II Catholic Secondary School

Secondary: Catholic
1.91 km
9-12

Clarke Road Secondary School

Secondary: Public
1.77 km

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