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Est. payment /mo
New
7 Marmora ST London East, ON N5Z 1Z4
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision East L
MLS Listing ID X13801422
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,738
Tax Year 2025
Property Sub-Type Triplex
Property Description
Licensed for three units and zoning-confirmed by the City of London - this solid brick three-unit property in London's SoHo neighbourhood delivers $48,300 in gross annual income and a 6.68% cap rate on an NOI near $35,729. The building holds a 2-bed front unit at $1,650, a 1-bed main floor rear unit at $1,275, and a bright 1-bed basement unit, currently vacant with $1,100 in rental potential, giving a buyer the chance to set a fresh market rent from day one or owner-occupy and house-hack, living in one unit while the other two help carry the mortgage. The City's building permit records confirm the three-unit configuration meets zoning requirements, and the property carries an active City of London rental licence covering all three units. A recently passed fire inspection, a roof in good condition, and central heating and air conditioning in good working order round out a low-maintenance package. Tenants share side-entrance laundry, a nice backyard, and parking for five vehicles (one at the front and four at the rear). All-inclusive utilities keep ownership simple. A standout addition to any income portfolio!
Location
Province ON
County Middlesex
Area Middlesex
Zoning R2-2
Rooms
Family Room No
Basement Apartment, Partially Finished
Kitchen 3
Interior
Interior Features Carpet Free, In-Law Capability
Cooling Central Air
Exterior
Parking Features Mutual, Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 34.36
Lot Depth 147.92
Total Parking Spaces 4
Building
Building Age 100+
Foundation Block, Brick
Others
Senior Community No
ParcelsYN No
Listed by PRIME REAL ESTATE BROKERAGE
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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