4 Bedroom
3 Bathroom
1,100 - 1,500 ft2
Central Air Conditioning
Forced Air
$525,000
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:50976)
Property Details
|
MLS® Number
|
X13801422 |
|
Property Type
|
Multi-family |
|
Community Name
|
East L |
|
Features
|
Carpet Free |
|
Parking Space Total
|
4 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Age
|
100+ Years |
|
Basement Development
|
Partially Finished |
|
Basement Features
|
Apartment In Basement |
|
Basement Type
|
N/a, N/a (partially Finished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block, Brick |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,100 - 1,500 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
147 Ft ,10 In |
|
Size Frontage
|
34 Ft ,4 In |
|
Size Irregular
|
34.4 X 147.9 Ft |
|
Size Total Text
|
34.4 X 147.9 Ft|under 1/2 Acre |
|
Zoning Description
|
R2-2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/30297729/7-marmora-street-london-east-east-l-east-l
