119 Clarence Street, London East

$369,900
119 Clarence Street

$369,900

New
6d
DetachedBungalow

119 Clarence Street, London East

Total Monthly Obligation $2,067

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
6d
Score
38
Yield
8.2%
Cash on Cash
10.7%
Cap Rate
6.9%
5Y IRR
24.3%
10Y IRR
21.9%
Property Type-Detached
MLS® Number-X14090986
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-35 × 123 ft
Listed on site-Oct 17, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,400 (2026)
Parking-2 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-SAKER REALTY CORPORATION
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East K
Title-Residential Freehold

No agent assigned

Picture this: a 4-bedroom, 2-bathroom bungalow, under $370k. Well 119 Clarence is just that, and it's ready for you to add your personal touch! The main floor is where your vision comes in. Walk in to an open concept living room to kitchen layout. Two bedrooms on the main, with the primary featuring not one, but two, large closets! A large full 4 piece bathroom naturally lit by the skylight (2023) completes the main floor. Downstairs, the story gets even better. The finished basement offers a rec room, two more bedrooms, and a 2-piece bathroom with laundry. Plenty of room to grow into, or great opportunity for an in-law suite! Out back, the fully fenced yard and deck are made for long summer evenings. Parking for 2, central location, close to downtown, in a neighbourhood on the rise. Homes with this much potential at this price don't come around often. Come see how you can make 119 Clarence your home! Book your showing today.

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Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,067/mo
Mortgage $1,492
Monthly Loss $1,674
Principal$393
Interest$1,099
Property Tax$200
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.5%44
Cash-on-Cash
3.1%15
5-Year IRR
18.3%87
10-Year IRR
17.3%
Returns Index
49.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
38/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,300/yr
NOI
$20,370/yr
Net Cash Flow
$205/mo
Cash Margin
8.1%20
Cash Flow Index
20.2/ 100
Risk Profile
Weight: 20%
DSCR
1.1439
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
45.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 119 Clarence Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.