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BEDROOMS3
BATHROOMS3
KITCHENS13
ROOMSX13128296
MLSIDContact Us
Property Description
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 ($1,650), a 1-bed main floor rear unit ($1,275), and a 1-bed basement unit ($1,050). 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 all-inclusive utility setup. A standout addition to your portfolio!
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Property Features
Carpet Free, Water Heater Owned, Water Meter, Available, Mutual
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Property Details
Address
7 Marmora Street
Community
City
Postal Code
N5Z 1Z4
Property Type
Triplex, Triplex
Zoning
R2-2
Lot Size
34' x 148'
Acreage
6,243.1 Feet
Taxes
$3,738 (2025
Basement
Apartment, Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Prime Real Estate Brokerage
Triple-Unit Rental Gem! Welcome to a fantastic opportunity located in a vibrant and convenient London neighborhood! This freehold property is an ideal choice for savvy investors or first-time buyers & growing families looking to make some extra income with their property purchase. Enjoy a spacious lot with dimensions of approximately 60.96 x 80.21 ft, including a detached single garage and providing ample outdoor space for parking. This versatile freehold property features three fully licensed rental units, offering immediate income potential. This is the rare, high-yield opportunity you've been waiting for as the 3 units are freshly updated and ready to rent to new tenants at a relative market rate. Main Floor Front (2-Bedroom): A spacious and welcoming unit perfect for a small family or professional couple. Main Floor Back (1-Bedroom): A cozy, efficient suite ideal for a single tenant, maximizing the footprint of the main level. Lower Level (2-Bedroom): Forget the typical dark basement apartment-this unit is a standout. Featuring multiple large windows in both the bedrooms and the living area, the space is flooded with natural light. It also boasts private exterior access, ensuring complete autonomy and privacy for the tenant. Book a private viewing today!
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