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4
BEDROOMS 3
BATHROOMS 3
KITCHENS 13
ROOMS X14144850
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Property Description
FULLY RENTED TRIPLEX GENERATING APPROXIMATELY $35,488 IN ANNUAL GROSS RENTAL INCOME! Expand your investment portfolio with this income-producing property in London's historic SoHo neighbourhood. Located close to downtown and the Thames River, 186 Clarence Street 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, the property generates combined monthly rental income of $2,957.37. Annual expenses for hydro, gas, property taxes and insurance total approximately $9,347. A roof replaced approximately three years ago adds to the appeal. With all three units occupied, this triplex offers immediate rental income in a neighbourhood undergoing an exciting transformation!
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Property Features
Public Transit, Rec./Commun.Centre, School Bus Route, Park, River/Stream, Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater Owned, Water Meter, Lane, Private
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Property Details
Property Type
Triplex
Lot Size
25' x 110'
Taxes
$2,347 (2025)
Basement
Separate Entrance, Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Century 21 First Canadian Corp
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