4 Bedroom
3 Bathroom
1,500 - 2,000 ft2
Central Air Conditioning
Forced Air
$399,900
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:50976)
Property Details
|
MLS® Number
|
X14144850 |
|
Property Type
|
Multi-family |
|
Community Name
|
East K |
|
Amenities Near By
|
Public Transit, Park |
|
Community Features
|
Community Centre, School Bus |
|
Features
|
Lane, Carpet Free |
|
Parking Space Total
|
1 |
|
Structure
|
Shed |
|
View Type
|
City View |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Age
|
100+ Years |
|
Appliances
|
Water Heater, Water Meter, Stove, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a, N/a (unfinished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Partially Fenced |
|
Land Amenities
|
Public Transit, Park |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
110 Ft |
|
Size Frontage
|
25 Ft |
|
Size Irregular
|
25 X 110 Ft |
|
Size Total Text
|
25 X 110 Ft|under 1/2 Acre |
|
Surface Water
|
River/stream |
|
Zoning Description
|
R3-1 |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/30474515/186-clarence-street-london-east-east-k-east-k
