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$525,000
Ontario,London East (East L)
For Sale Active
7 MARMORA STREET, London East (East L), Ontario N5Z1Z4
  • 4
  • 3
  • 1100 - 1500Square Feet
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Basic Details
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! (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13801422
  • Price: $525,000
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1100 - 1500 Sqft
  • Status: Active
  • Office Name: PRIME REAL ESTATE BROKERAGE
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 276302
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Partially finished, N/A, Apartment in basement
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, London East (East L), N5Z1Z4
  • Street: Marmora
  • Street Number: 7
  • Street Suffix: Street
  • Longitude: W82° 46' 43.3''
  • Latitude: N42° 58' 47.2''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 34.4 x 147.9 FT
  • Stories: 1.5
Financial
  • Tax Annual Amount: 3738.36
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Listing updated: 2026-09-19 22:05:23
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Listing Information
  • List Agent Key: 2255544
  • List Office Key: 276302
  • Modification Timestamp: 2026-09-18T14:30:04Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-09-18T14:21:41Z
Powered by REALTOR.ca
Listing updated: 2026-09-19 22:05:23
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