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$359,900
London East
174 Clarence Street, London East (East K), Ontario, N6B2J7
This 2-bedroom, 1-bathroom home in London East is for sale. Its $359,900 asking price sits right in line with the $365,000 median in London East.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 116 days on market, against an average age of 87 days across the listings currently for sale in this city
This 2-bed single family in London East (East K) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $359,900, about 7.3× the local median household income of $49,200.
Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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