For Sale: 7 Marmora Street, London, ON - REW
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$525,000
4 bd • 3 ba • 1100 - 1499 sf • Multifamily
7 Marmora Street
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$525,000
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7 Marmora StreetLondon, ON, N5Z 1Z4

Hamilton Road
  • 4 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: KELLAN JAMES PANICCIA, Salesperson, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$525,000
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Gross Taxes for 2026
$3,738
Home facts
Bedrooms
4
Full Bathrooms
3
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Lot Size
34 ft x 147 ft (5087 ft²)
Depth
147.9 feet
Frontage
34.4 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Partially finished, Apartment in basement, ,
Features
Carpet Free
Community
Agent details
Primary Agent
Primary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
X13801422
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Lester B Pearson School for the Arts
  • Public
  • 4 - 8
B Davison Secondary School
  • Public
  • 9 - 12
Trafalgar Public School
  • Public
  • JK - 8
Aberdeen Public School
  • Public
  • JK - 8
G A Wheable School
  • Public
  • K - 12
St. John French Immersion School
  • Catholic
  • JK - 8
St Mary School
  • Catholic
  • 5 - 8
Holy Cross School
  • Catholic
  • JK - 8
Princess Elizabeth Public School
  • Public
  • JK - 8
H B Beal Secondary School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
KELLAN JAMES PANICCIA
Office:
519-473-9992
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