186 Clarence Street, London East (East K), Ontario

About 186 Clarence Street

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! (id:6289)

More Info on this East K Triplex MLS® listing

186 Clarence Street is a triplex listing for sale in London East (East K). The MLS® number is X14144850. It features 4 bedrooms, 3 bathrooms. It's currently listed for $399,900. For more details on MLS® X14144850, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This triplex listing in East K is available now!

Selling your East K Triplex property?

Have a similar home to 186 Clarence Street? If you’re thinking about selling your East K triplex property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your London East (East K) property.

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