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$ 399,900
Est. payment /mo
New
186 CLARENCE STREET London East, ON N6B2J7
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision East K
MLS® Listing ID X14144850
Bedrooms 4
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Fence Partially fenced
Community Features Community Centre, School Bus
View Y/N Yes
View City view
Attached Garage No
Total Parking Spaces 1
Garage No
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Listed by CENTURY 21 FIRST CANADIAN CORP