$ 525,000
7 Marmora Street
Bedroom - 7 Marmora Street, London East, ON N5Z1Z4 Photo 1
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7 Marmora Street, London East

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:1945)
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Property details for 7 Marmora Street, London East

Type
Multi-family
Bedrooms
4
Bathrooms
3
Lot Size
34.4 x 147.9 FT
Stories
1.5
Basement
Partially finished, Apartment in basement, N/A, N/A
Parking
No Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Brick
Annual Taxes
$3,738

Nearby Listings Stat

Estimated price and comparable properties near 7 Marmora Street

Active Listings
5
Min Price
$499,900
Max Price
$575,000
Avg Price
$544,960
Days on Market
21
days
Sold Listings
1
Min Sold Price
$599,900
Max Sold Price
$599,900
Avg Sold Price
$599,900
Days until Sold
40
days

Neighbourhood Census Data

London, Ontario

Population
438
Median Age
45.3
Median Income
$22,336
Dwelling Value
$155,264

Housing Tenure

Owners 57%
Renters 41%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.9
Pop. Density: 3,889.9/km²
Avg Shelter Cost: $760/mo
Owners with Mortgage: 53.8%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 61.1%
English only: 92%
English and French: 8%
Median Household Income: $37,248
Median Employment Income: $25,408

Price History

Listed
September 18, 2026
by PRIME REAL ESTATE BROKERAGE
Current Price
$525,000
-1.9% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $525,000 $10,000 (-1.9%)
Sep 18, 2026 $535,000 Listed

Contact Agent Get in touch about 7 Marmora Street, London East

KELLAN JAMES PANICCIA
KELLAN JAMES PANICCIA
PRIME REAL ESTATE BROKERAGE

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