1/4186 CLARENCE STREET, London East (East K)
186 CLARENCE STREET, London East (East K), ON N6B2J7
$399,900 total
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
91%
About this property
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! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$17K
Annual cash flow
$-5K
Cash-on-cash
-3.89%
DSCR
0.79
Going-in cap
4.37%
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.
Area demographics
Trade area within 3 miles of the property.
Population
75,451
Households
26,477
Median income
$91,000
Median age
43.9
Daytime population
113,008
5-yr growth
6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 186 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.