7 MARMORA STREET
London East, Ontario, N5Z1Z4
For Sale | $535,000 | 4 beds | 3 baths
Key facts
- Property type: Multi-family
- Structure: Triplex
- Transaction: For Sale
- Price: $535,000
- Bedrooms: 4
- Bathrooms: 3
- Lot size: 34.4 x 147.9 FT
- Parking: 4
- Listing key: 29752377
Listing overview
ATTENTION INVESTORS! Solid brick turnkey triplex in London's SoHo neighbourhood delivering immediate cash flow and excellent upside. This asset generates $47,700 in gross annual income with an estimated NOI of ~$35,129, delivering a highly attractive 6.57% Cap Rate.The building features three strong units: a 2-bed front unit ( class="container" id="details-container",650), a 1-bed main floor rear unit ( class="container" id="details-container",275), and a 1-bed basement unit ( class="container" id="details-container",050). Exceptional bonus: the basement unit will be vacant July 1, 2026, offering immediate potential to set fresh market rents, optimize the space, or owner-occupy.Landlord peace-of-mind is secured with a recently passed city fire inspection, a roof in good condition, and robust mechanicals including central heating and AC in good working order.Excellent tenant amenities include shared side-entrance laundry, a nice backyard, and parking for 5 vehicles (1 front, ~4 rear). Low-maintenance al...
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