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1559 Allen Place, London, ON, N5W 2V9

MLS® # 40484330
Investment For Sale In Argyle, London, Ontario
$1,250,000
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
1559 Allen Place, London, ON
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Home Insurance - TD Insurance

Get a home insurance quote online for this $1,250,000 property in London

Provided by TD Insurance
1559 Allen Place, London, ON, N5W 2V9
$1,250,000

Property Information:

Presenting a remarkable chance for savvy investors: this purpose-built 6-plex offers not only immediate returns but also substantial potential for growth. Comprising of 5 spacious three-bedroom units, and 1 One-Bedroom Unit; each thoughtfully designed for comfortable living, this property stands as a solid addition to your investment portfolio.What truly distinguishes this opportunity is the untapped potential it holds. At the close of this month, two of the six units will become vacant, opening doors for strategic renovations or rent adjustments, further elevating your rental income.Strategically located in a prime area of London, this 6-plex enjoys proximity to a wealth of amenities, educational institutions, and recreational parks, making it incredibly appealing to tenants seeking convenience and quality living.Seize this chance to unlock the full potential of this promising real estate investment.

Inclusions: Smoke Detector,Dryer, Refrigerator, Stove, Washer

Building Features:

  • Floor Space: 4150 Square Feet

Property Features:

  • Bedrooms: 16
  • Acres Range: < 0.5
  • Basement: Other, Full, Finished
  • Built in: 1960
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, Visitor Parking
  • Floor Space (approx): 4150 Square Feet
  • Heating: Natural Gas
  • Interior Features: Separate Heating Controls
  • Laundry Features: Shared
  • Lot Features: Cul-De-Sac, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 84.96 Feet
  • Roof: Flat
  • Security Features: Smoke Detector
  • Water Source: Municipal
  • Zoning: R8-1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 10

Courtesy of: PRIME REAL ESTATE BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1559 Allen Place, London, ON, N5W 2V9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 1559 Allen Place , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 1559 Allen Place , experiences 11 significant 2-day storms per year, with about 329.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 405.6mm of precipitation per year.

Precipitation Per Storm

Past
329.2mm
2050
405.6mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1559 Allen Place, London, ON, N5W 2V9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,426.57

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.53 %

High school certificate or equivalent

33.89 %

Apprenticeship trade certificate/diploma

6.05 %

College/non-university certificate

24.73 %

University Degree

9.18 %

Commuter

Travel To Work

By Car

85.77 %

By Public Transit

4.98 %

By Walking

3.08 %

By Bicycle

0.73 %

By Other Methods

5.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.0 %

Houses

59.95 %

Own Vs. Rent

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