7 MARMORA STREET
London East (East L), Ontario
MLS® X13801422
$525,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13801422
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- —
1 / 37Listing 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!
Property summary
- MLS® number
- X13801422
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 34.4 x 147.9 FT
- Annual property taxes
- $3,738.36
- Parking
- 4 spaces · No Garage
- Days on market
- 2 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Partially finished, Apartment in basement, N/A, N/A
- Exterior features
- Brick
- Lot features
- Carpet Free
What would this home cost you?
Based on the $525,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PRIME REAL ESTATE BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.