Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
1 / 0
Listed 2 months ago

174 Clarence Street

East K, London East

$359,900

Detached|Bungalow
2 | 1 | 1
About this home

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.

Extras

No extras listed.

Visit this home

Pick a time that works for you.

No upcoming open houses.

Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$1,878
Lot Size33 ft x 55 ft
mls© NumberX13555244
Listed BySUTTON GROUP - SELECT REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,842
Property tax
$157
Heat allowance
$150
Housing costs
$2,149 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $71,980
25-yr amortization

Income needed

$66,000

gross annual household income

Payment at 4%
$1,515 / mo
Cash down
$71,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

Nearby listings

Comparable sales

  • No similar listings found.