Home with vinyl exterior material, street for 186 Clarence St, London East Ontario N6B 2J7
10 days on Market

186 Clarence St, London East, Ontario N6B 2J7

Townhouse
4
3
~1500-2000 sqft
$449,900
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Townhouse
4
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$262/sqft

Est. Mortgage$1,932/mo

Tax Amount (2024)$2,202/yr

Days On Market10 days


Description

Fantastic Investment Opportunity in London's Vibrant SOHO Neighbourhood! This well-maintained triplex is the perfect addition to any investors portfolio or a great option for owner-occupiers looking to offset their mortgage with rental income. Featuring one spacious 2-bedroom unit and two bright 1-bedroom units, the property generates a solid annual income of $32,428 with low annual expenses of just $6,300. Each unit offers private entrances, functional layouts, and excellent rental appeal. Tenants enjoy convenient access to public transit, parks, shopping, and all the amenities that make SOHO one of London's emerging communities. With strong cash flow and room for future value growth, this is a turn-key property in a high-demand rental market. Don't miss your chance to own a proven income generator in a central location!


Property Details

Style1 1/2 Storey
ViewCity
Age of property100+
SqFt~1500-2000 SqFt
Lot Size2,750 SqFt(110 x 25)
Parking Spaces1
MLS ®NumberX12162319
Community NameCentral London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Cooling: Other
Basement: Sep Entrance, Unfinished

Features

Lot size: 2,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

20 to 34
38%
50 to 64
18%
35 to 49
17%
65 and plus
16%
0 to 19
10%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget