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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

4 Beds

3 Baths

Save

Est. payment | -/mo

Save

4 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East K

MLS Listing ID X14144850

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $2,347

Tax Year 2025

Property Sub-Type Triplex

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!

Location

Province ON

County Middlesex

Area Middlesex

Zoning R3-1

Rooms

Family Room Yes

Basement Separate Entrance, Unfinished

Kitchen 3

Interior

Interior Features Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater Owned, Water Meter

Cooling Central Air

Inclusions 3 of each: refrigerator, stove

Exterior

Parking Features Lane, Private

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 25.0

Lot Depth 110.0

Total Parking Spaces 1

Building

Building Age 100+

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Listed by CENTURY 21 FIRST CANADIAN CORP

Schools and Properties Nearby

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+1(647) 493-3579

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CAN

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186 Clarence ST London East, ON N6B 2J7