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$535,000
Ontario,London East (East K)
For Sale Active
193 CLARENCE STREET, London East (East K), Ontario N6B2J8
  • 3
  • 3
  • 1500 - 2000Square Feet
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Basic Details
Description

Attention Investors! Welcome to 193 Clarence Street, an exceptional, fully renovated, and cash-flowing triplex in London. This is the definition of a turn-key, zero-headache asset, perfectly suited for investors seeking predictable, low-maintenance returns, with AAA tenants.Financially, the property is optimized for success. Gross Annual Income is $47, 184 with highly efficient operating costs. All units are separately metered for hydro,

paid directly by the tenants, further protecting your NOI – which on this turnkey property, is $47, 184, resulting in a staggering cap rate of 7.45%!What sets this property apart is its highly desirable and rare single-story layout. Featuring three 1-bedroom, 1-bathroom units situated entirely on the main floor (front, middle, and back), tenants enjoy tall ceilings and quiet living with zero footsteps above or below them.In 2020, this building was completely gutted to the studs and meticulously rebuilt, eliminating major future capital expenditures. The comprehensive exterior overhaul included a lifetime metal roof, new siding, eavestroughs, soffits, fascia, windows, and exterior doors. Behind the walls, the property boasts all-new electrical, updated plumbing, modern HVAC ductwork, and a new furnace. Efficiency was heavily prioritized with spray foam insulation in the basement, upgraded attic insulation, and dedicated sound-dampening insulation installed between every unit.Inside, the units are bright and modern, featuring new dry wall, trim, resilient flooring, updated kitchens, and contemporary bathrooms. To ensure low vacancy and attract quality tenants, each unit offers highly sought-after amenities: in-suite laundry, dishwashers, and one designated backyard parking spot per unit. With the heavy lifting completely done and professional-grade renovations throughout, this triplex is ready to cash flow from day one. Don’t miss this rare opportunity to acquire a pristine, hassle-free addition to your portfolio! (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13208316
  • Price: $535,000
  • Bedrooms: 3
  • Bathrooms: 3
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 276302
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Window air conditioner
  • Basement: Crawl space
  • Parking: No Garage
  • Architectural Style: Bungalow
  • Exterior Features: Vinyl siding
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, London East (East K), N6B2J8
  • Street: Clarence
  • Street Number: 193
  • Street Suffix: Street
  • Longitude: W82° 45' 19.2''
  • Latitude: N42° 58' 40.2''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 40 x 110 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 4024.17
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Listing updated: 2026-06-26 02:51:31
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Listing Information
  • List Agent Key: 2255544
  • List Office Key: 276302
  • Modification Timestamp: 2026-05-28T16:10:17Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-05-28T16:03:10Z
Powered by REALTOR.ca
Listing updated: 2026-06-26 02:51:32
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