186 Clarence Street · London, N6B 2J7
MLS® X14144850
Listing courtesy of Century 21 First Canadian Corp·Listing last changed 7 hours ago
Key facts
- Property type
- Triplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 25 × 110 ft · < 0.50 acres
- Age
- 100+ years
- Parking
- 1 space
- Property tax
- $2,347/yr (2025)
Description
EXPAND YOUR INVESTMENT PORTFOLIO OR LIVE IN ONE UNIT AND RENT THE OTHERS! Located in London's historic SoHo neighbourhood, close to downtown and the Thames River, this triplex 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, 186 Clarence Street offers flexibility for both owner-occupiers and investors. The vacant front one-bedroom provides the opportunity to move in and enjoy rental income from the other two units as a mortgage helper, or select your own tenant and rent all three. The two occupied units currently generate combined monthly rent of $1,957.37. With estimated rent of $1,100-$1,200 per month for the vacant unit, projected gross annual rental income is approximately $36,688-$37,888 when fully rented. Annual expenses for hydro, gas, property taxes and insurance total approximately $9,347. A roof replaced approximately three years ago adds to the appeal of this versatile SoHo property!
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Rooms
- 13 rooms · 3 kitchens
- Bathrooms
- 2 × 4-piece on Main, 1 × 4-piece on Second
- Basement
- Separate Entrance, Unfinished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Triplex, 1 1/2 Storey
- Age
- 100+ years
- Lot size
- 25 × 110 ft · < 0.50 acres
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Lane, Private (1 space)
- Parking
- 1 space
Fees & taxes
- Property tax
- $2,347/yr (2025)
Estimated value range
$380K to $420K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is St. John French Immersion School, 850 m
Elementary
- 8.4
St. John French Immersion School
850 m · Grades JK-8
- 6.9
Tecumseh Public School
970 m · Grades JK-8
Thames Valley District School Board
- 7.5
St Martin Separate School
1.2 km · Grades JK-8
London District Catholic School Board
Secondary
- 4.2
London South Collegiate Institute
950 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
1.1 km · Grades 9-12
London District Catholic School Board
- 8.0
London Central Secondary School
1.2 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,402/mo all in
Monthly payment estimate
Land transfer tax$4,474 on closing
Ontario LTT
$4,474
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed today
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold193 Clarence Street, London East
Sold103 McClary Avenue, London South
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 92.6% of asking.
Avg. sold price
$502,833
Sale-to-list ratio
92.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $98,000 household income
Minimum household income required
$98,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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