For Sale: 193 Clarence Street, London, ON - REW
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$535,000
3 bd • 3 ba • 1500 - 1999 sf • Multifamily
193 Clarence Street
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$535,000
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193 Clarence StreetLondon, ON, N6B 2J8

Central London
  • 3 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: KELLAN JAMES PANICCIA, Salesperson, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$535,000
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Gross Taxes for 2026
$4,024
Home facts
Bedrooms
3
Full Bathrooms
3
Parking Spaces
3
Parking Details
No Garage
Property Type
Multifamily
Depth
110 feet
Frontage
40.0 feet
Style
Bungalow
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Window air conditioner
Basement Details
Crawl space
Features
Separate Electricity Meters
Appliances
Water Heater
Community
Agent details
Primary Agent
Primary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
13 Days
MLS® Number
X13208316
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Property Insights

St. John French Immersion School
  • Catholic
  • JK - 8
London South Collegiate Institute
  • Public
  • 9 - 12
Tecumseh Public School
  • Public
  • JK - 8
Catholic Central High School
  • Catholic
  • 9 - 12
St Martin School
  • Catholic
  • JK - 8
London Central Secondary School
  • Public
  • 9 - 12
Aberdeen Public School
  • Public
  • JK - 8
H B Beal Secondary School
  • Public
  • 9 - 12
Wortley Road Public School
  • Public
  • JK - 8
Victoria Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
KELLAN JAMES PANICCIA
Office:
519-473-9992
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