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$ 399,900
Est. payment | /mo
4 Beds
3 Baths
$ 399,900
Est. payment | /mo
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
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 None
Pool None
View City
Roof Type Asphalt Shingle
Total Parking Spaces 1
Building
Building Age 100+
Foundation Concrete Block
Lited by CENTURY 21 FIRST CANADIAN CORP
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