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    For Sale - 186 Clarence Street, London East, Ontario

    Est payment $1,920/mo
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    Time on Jump  2 day

    AI Summary *

    • Triplex in the historic SoHo neighbourhood near downtown and the Thames River.
    • Two one-bedroom units and one two-bedroom unit offer flexible living and rental options.
    • Move into the vacant front unit while collecting rent from two occupied units.
    • Projected annual gross rental income is approximately $36,688–$37,888 when fully rented.
    • Roof replaced approximately three years ago.




    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!
    Listing IDX14144850
    Address186 Clarence Street
    CityLondon East, Ontario
    Price$399,900
    Bed / Bath4 / 3 Full
    Style1 1/2 Storey, Triplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater Owned, Water MeterAmenities Public Transit, Rec./Commun.Centre, School Bus Route, Park, River/StreamOwnership FreeholdViews CityBasement Separate Entrance, UnfinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: CENTURY 21 FIRST CANADIAN CORP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    186 Clarence Street
    London East , Ontario
    4 3 $399,900
    Get more info