$ 669,900
-
$669,900
Price -
7
Bed -
5
Bath -
1,100
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 285427 -
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:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished with Walk-Out,Separate Entrance
- Other: Accessory Apartment,Carpet Free,Primary Bedroom - Main Floor,Water Heater Owned,Upgraded Insulation
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Deck,Porch,Year Round Living,Lighting
- Sewer: Sewer
- Parking Features: Private Triple,Tandem
Financial Details
- Tax Amount: $3,085
- Taxes w/Assessments: N/A
- Tax/Property ID: 083940559
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
96 Emery St W London South, ON N6J 1R8
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
