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Century 21 First CanadianCorp., Brokerage
Century 21 First Canadian listing

For saleMLS® X14144850Century 21 First Canadian listing

186 Clarence Street

London, N6B 2J7

$399,900

Bedrooms
4
Bathrooms
3
Interior
1,500-2,000 ft²
Lot
25 × 110 ft
Type
Multi-unit

About this home

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!

Property details

Property type
Triplex
Ownership
Freehold
Style
1 1/2 Storey
Age
100+ years
Property taxes
$2,347 (2025)
Heating
Forced Air, Gas
Cooling
Central Air
Basement
Separate Entrance, Unfinished
Parking
1 space
Sewer
Sewer
Lot
25 × 110 ft lot
Time on market
Listed today

Features

Inside

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

Outside

  • Vinyl Siding
  • Asphalt Shingle roof

The lot

  • View: City

Location

Thinking about the area? Read my guide to Downtown.

Estimate your payment

20% down. The minimum on this price is $19,995.

Your monthly payment

$1,771

Mortgage amount
$319,920
Interest over the amortization
$211,281

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers. I am also a licensed mortgage agent, so I can help with the mortgage too.

Listing brokerage: CENTURY 21 FIRST CANADIAN CORP.

Listing courtesy of the London and St. Thomas Association of REALTORS. MLS® X14144850.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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