186 CLARENCE STREET
London East (East K), Ontario N6B2J7
Offered at
$399,900
4Bedrooms
3Bathrooms
1Parking
The Residence
Triplex in London East (East K)
Share
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!
MLS® NumberX14144850
Price$399,900
Property TypeTriplex
Bedrooms4
Bathrooms3
Storeys1.5
Frontage25 feet
ZoningR3-1
Annual Property Tax$2,347
Days on Market12
The Gallery
Interiors & Grounds
Features & Amenities
Every Detail, Considered
Interior & Systems
HeatingForced air, Natural gas
CoolingCentral air conditioning
BasementUnfinished, Separate entrance, N/A, N/A
Appliances & Features
- Refrigerator
- Water meter
- Stove
- Water Heater
Construction & Lot
FoundationBlock
ExteriorVinyl siding
FencingPartially fenced
Lot FeaturesLane, Carpet Free
Parking
Total Spaces1
TypeNo Garage
Building & Community
- School Bus
- Community Centre
Map & Location
Address186 CLARENCE STREET
CityLondon East (East K)
ProvinceOntario
Postal CodeN6B2J7
CountryCanada
Affordability
Estimate Your Monthly Payment
$0per month
- Mortgage payment $0
- Property tax $0
- Home insurance $0
- Condo fees $0
- Down payment $0
- CMHC insurance $0
- Mortgage amount $0
Estimate only, using Canadian semi-annual compounding and standard CMHC premiums. Your lender will confirm your actual rate and payment.
More to Explore
Other Homes in London East (East K)
By Appointment
Begin a Private Conversation.
Request a private showing of 186 CLARENCE STREET, or speak with Champagne Taylor about this home and the market — in confidence.