$359,900
Est. $1,686/mo mortgage
174 Clarence Street · London East, N6B 2J7
MLS® X13555244
Listed Jul 13, 2026
Listing courtesy of Sutton Group - Select Realty·Updated Jul 13
Description
Fantastic investment opportunity just minutes from downtown! This well-maintained 2-bedroom, 1-bathroom home is a licensed rental with the City of London and is currently tenant-occupied, generating $2,250 per month plus utilities. Previously configured and rented as a 3-bedroom home, the property offers flexibility for future use. With its compact footprint, this home is easy to maintain, keeping both building and yard maintenance to a minimum. The property is in good condition, providing a turnkey opportunity for investors or owner-occupants alike. The current tenants are willing to provide vacant possession with sufficient notice if desired. Whether you're a first-time home buyer looking for an affordable entry into the market or an investor seeking a solid addition to your portfolio, this property offers excellent value. Conveniently located just one block from the Labatt Brewery and situated in the desirable section of SOHO, you'll enjoy easy access to downtown amenities, transit, and major employers.
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Property details
Interior
- Size
- < 700 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece
- Basement
- Unfinished, Crawl Space
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 33 × 55 ft
- Exterior
- Vinyl Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Parking
- 1 spaces
Fees & taxes
- Property tax
- $1,878/yr (2026)
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
73% confidence · 40 sold homes within 2 km, by price per sq ft
Monthly paymentest. $2,228/mo all in
Monthly payment estimate
Land transfer tax$3,874 on closing
Ontario LTT
$3,874
First-time rebate
−$3,874
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jul 13, 2026
Sold comparables nearby
Sold$465,000
367 Maitland Street, London East
Sold$415,000
119 ALEXANDRA Street, London South
See what these 6 homes sold for
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Market conditionsBuyer's market in Old East Village
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.7% of asking.
Avg. sold price
$471,333
Sale-to-list ratio
96.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $91,000 household income
Minimum household income required
$91,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,848/mo median for 2 bed nearby
$1,848/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 110 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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