New Listing
186 Clarence Street,London East, ON N6B 2J7
London East, ON N6B 2J7
Description
EXPAND YOUR INVESTMENT PORTFOLIO OR LIVE IN ONE UNIT AND RENT THE OTHERS! Located in London's historic SoHo neighbourhood, close to downtown and the Thames River, this triplex offers an opportunity to invest in an evolving community benefiting from new residential development and revitalization of the former Victoria Hospital lands. Featuring two one-bedroom units and one two-bedroom unit, 186 Clarence Street offers flexibility for both owner-occupiers and investors. The vacant front one-bedroom provides the opportunity to move in and enjoy rental income from the other two units as a mortgage helper, or select your own tenant and rent all three. The two occupied units currently generate combined monthly rent of $1,957.37. With estimated rent of $1,100-$1,200 per month for the vacant unit, projected gross annual rental income is approximately $36,688-$37,888 when fully rented. Annual expenses for hydro, gas, property taxes and insurance total approximately $9,347. A roof replaced approximately three years ago adds to the appeal of this versatile SoHo property!
Details
| MLS # | X14144850 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 1 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | X14144850 371303 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.06 |
| Property View | City |
Interior
| Interior Features | Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater Owned, Water Meter |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| View | City |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lane, Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2347 |
|---|---|
| Tax Legal Description | PT LT 5, NW GREY STREET AS IN 769794; S/T & T/W 769794 CITY OF LONDON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2J7 |
| Area | East K |
| Listing VS Median (in N6B 2J7) | |
Price: $399,900 low | high Med: $739,999 On site: 1 low | high Med: 50 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2J7 |
| Area | East K |
| Listing VS Median (in N6B 2J7) | |
Price: $399,900 low | high Med: $739,999 On site: 1 low | high Med: 50 | |
