186 Clarence Street,London East, ON N6B 2J7
London East, ON N6B 2J7
Description
FULLY RENTED TRIPLEX GENERATING APPROXIMATELY $35,488 IN ANNUAL GROSS RENTAL INCOME! Expand your investment portfolio with this income-producing property in London's historic SoHo neighbourhood. Located close to downtown and the Thames River, 186 Clarence Street 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, the property generates combined monthly rental income of $2,957.37. Annual expenses for hydro, gas, property taxes and insurance total approximately $9,347. A roof replaced approximately three years ago adds to the appeal. With all three units occupied, this triplex offers immediate rental income in a neighbourhood undergoing an exciting transformation!
Details
| MLS # | X14144850 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 9 |
| 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 |
|---|---|
| County | 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: 9 low | high Med: 58 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | 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: 9 low | high Med: 58 | |
