Homes for Sale in London, Ontario
174 Clarence Street
London East, N6B 2J7·MLS® X13555244·
Listing courtesy of Sutton Group - Select Realty·Updated 6 hours ago
Listing price
$359,900
Est. $1,714/mo
Days on market
Listed Jul 13, 2026
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.
Property details
Basement
Unfinished, Crawl Space
Parking
1 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
73% confidence · 20 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$280,000
190 Clarence Street, London East
Sold$287,000
3 Holborn Avenue, London South
See all 10 comparables
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Market conditions · East K
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,440
Rental yield
4.8%
Est. cash flow
-$989
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$91,088
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$268,444
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