CAONLondonHamilton Road7 Marmora St
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7 Marmora St, London, ON

House

For Sale

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434

MLS® X13801422

  • Property Details
  • Rooms
  • Map

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:58753)Show Description

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes $3,738
Days Active 6
MLS® Number X13801422
Central VacNo
FireplaceNo
GarageYes
BasementPartially finished, Apartment in basement, N/A
DrivewayNo Garage
HeatForced air, Natural gas
A/CCentral air conditioning

Property Address: 7 Marmora St, London, ON, N5Z1Z4

Average square foot calculated using Size range provided by listing agent.

Additional Information

Siding Brick
Sewage System Other
Landscaping Carpet Free

Rooms

Show Details
RoomDimensionsLevel
RoomBedroom 1Dimensions1.5 × 2.5 ftLevelMain Floor

Price History

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Home Appraisal

This property is estimated to sell between: $389,000 and $593,000.
Similar properties in this area sold on average for: $389,126
Expected to sell in 35 days. Similar properties sold in 41 days. This home has been on eXp Realty for 6 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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7 Marmora St, London, ON

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