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About the Listing KW362 - WR60428
This legal triplex with rental license in place is larger than it appears with big addition in the back and walk-out basement entrances, which features a bonus fourth suite. The main floor unit features 4 beds and 2 full baths, projected to be rented for $2575/month. The upper 1 bed and 1 bath unit is rented for $1295/month. The downstairs rear walk-out unit is rented for $1500/month and the other side access walk up basement suite is projected to be rented for $1300/month . This brings the cumulative rent to $6670/month. The very low property taxes ($241/month) grandfathered also helps with a projected Cap Rate of 8.6%+, projected net operating income (NOI) of over $60,000 annually. Over $150,000 was invested during the current ownership, with extensive upgrades on everything from brand new 200 amp electric panel, new flooring, interconnected fire separations, quartz countertops, tiled showers, upgarded HVAC with vents in all 5 bathrooms, cosmetic improvements of 2 bathrooms, and 3 completely renovated bathrooms. Property features triple wide driveway with room for a fourth car to park in tandem; offering an independent parking spot for each unit. The greenspace of the oversized deep backyard, features many mature trees and is fully fenced in. Energy efficient upgrades were also carried out, including a smart thermostat install and a new Central AC unit being added in 2025. Fire and safety improvements include sprinklers, egress windows, and fire doors. Manor Park, which is Old South adjacent is an excellent community, with direct transit access, great green spaces including Eustace Park/The Coves, and ample ammenities. This location is one bus to Western University, Fanshawe College, White Oaks Mall, Masonville Mall, Victoria Hospital, University Hospital and Downtown London.
Listing Highlights for 96 Emery St W
Interior Details
- Bedrooms: 7
- Bathrooms: 5 Full
- Appliances: Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1306
- Below Ground Sq Ft: 677
- Basement: Separate Entrance,Walk-Out Access,Walk-Up Access,Full,Finished
- Other: Accessory Apartment,Upgraded Insulation
- Water: Municipal
Exterior Details
- Lot Description: 35.06 ft x 137.16 ft x 35.05 ft x 137.18 ft,Rectangular,Ample Parking,Dog Park,Hospital,Major Anchor,Open Spaces,Park,Place of Worship,Playground Nearby,Public Transit,Quiet Area,Rec./Community Centre,School Bus Route,Schools,Shopping Nearby,Trails
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 35.05 x 137.16
- Zoning: R1-4
- Roof: Asphalt Shing,Shingle
- Others: Awning(s),Private Entrance,Year Round Living
- Sewer: Sewer (Municipal)
- Parking Features: Front Yard Parking,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 083940559
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
96 Emery St W London, ON N6J 1R8
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