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info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

4 Beds

3 Baths

Save

Est. payment | -/mo

Save

4 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision East L

MLS Listing ID X13801422

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $3,738

Tax Year 2025

Property Sub-Type Triplex

Property 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!

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-2

Rooms

Family Room No

Basement Apartment, Partially Finished

Kitchen 3

Interior

Interior Features Carpet Free, In-Law Capability

Cooling Central Air

Exterior

Parking Features Mutual, Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 34.36

Lot Depth 147.92

Total Parking Spaces 4

Building

Building Age 100+

Foundation Block, Brick

Others

Senior Community No

ParcelsYN No

Listed by PRIME REAL ESTATE BROKERAGE

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+1(647) 493-3579

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7 Marmora ST London East, ON N5Z 1Z4