186 CLARENCE STREET, London, Ontario N6B 2J7
$399,900.00
- 4 bedrooms
- 3 bathrooms
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 ... read more
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:25417)
- Listing ID: X14144850
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 25 by 110 FT|under 1/2 Acre Partially Fenced |
| Parking: | No Garage 1 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| Appliances: | Refrigerator, Stove, Water Meter and Water Heater |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Vinyl Siding |
| Basement: | N/A, N/A (Unfinished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | London |
| Province: | Ontario |
| Nearby Amenities: | Park and Public Transit |
| Community Features: | Community Centre and School Bus |
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