












1/14261 CLARENCE STREET, London East (East K), ON N6B2K2
Price on request
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
96%
For lease. This updated 3-bedroom, 2-bathroom unit is located in a well-maintained four-plex just outside the Soho district in downtown London. The unit offers a functional two-level layout with spacious updated open concept kitchen, living room, one bedroom and a 3-piece bathroom on the main floor, while the lower level features two additional bedrooms, a 3-piece bathroom, and a bonus space perfect for a small home office. The building features newer modern siding, contributing to both curb appeal and improved energy efficiency. Inside, you'll find contemporary laminate flooring, a bright living area, and shared pay-per-use laundry facilities. One dedicated parking spot is included. Enjoy the perks of downtown living with easy access to shops, restaurants, entertainment, and public transit. Bus stops on Wellington Road provide routes to both Fanshawe College and Western University, making this a convenient choice for students and professionals alike. Rent includes water; tenant pays personal hydro and heat (baseboard heating). Available for immediate occupancy. Application, credit check, proof of income, and references required. (id:66811)
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Monthly debt service
$7K
Projected NOI
$84K
Annual cash flow
$775
Cash-on-cash
0.17%
DSCR
1.01
Going-in cap
5.59%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
131,214
Households
58,653
Median income
$88,000
Median age
41.6
Daytime population
179,129
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 261 CLARENCE STREET, London East (East K).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.