7 Marmora Street
London East, ON
- 4 bed
- 3 bath
- approx. 1100-1500 sqft
- Triplex
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!
Listing Details
- Taxes (2025)
- $3,738
- Listed
- September 18, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 1 1/2 Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Block, Brick
- Interior
- Carpet Free, In-Law Capability
- Lot Size
- 34.36 x 147.92 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Marmora Street and Nelson Street
- Zoning
- R2-2
- Parcel Number
- 083320223
- Possession
- Flexible
- Occupancy
- Tenant
Schools
Secondary
- B Davison Secondary School Secondary School0.3 km
Public · Thames Valley DSB
- G A Wheable Secondary School0.9 km
Public · Thames Valley DSB
- H B Beal Secondary School1.4 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Elementary
- Lester B Pearson School for the Arts0.3 km
Public · Thames Valley DSB · 280 students
Grade 6 math: 82% met the provincial standard
- Trafalgar Public School0.7 km
Public · Thames Valley DSB · 175 students
Grade 3 reading: 28% met the provincial standard · Grade 6 math: 9% met the provincial standard
- Aberdeen Public School0.7 km
Public · Thames Valley DSB · 295 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 33% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5Z
- Population
- 24,067
- Private dwellings
- 11,008
- Median age
- 40
- Average household size
- 2.3
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,328
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,328 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Main, 4-piece on Second, 3-piece on Basement
Main
- Bedroom8'2" x 4'11"
Listed by
PRIME REAL ESTATE BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$105,000
Estimated Monthly Payment
$2,579
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,579/mo (20% down, 5.5%)
Taxes: $312/mo · Insurance: $131/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions Tenants share side-entrance laundry, a nice backyard, and parking for five vehicles (one at the front and four at the rear).. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?