Property Details

96 EMERY STREET W, London South (South E), Ontario, N6J1R8

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For sale, ID#: X12455864
96 EMERY STREET W
London South (South E) Ontario
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5 + 2 Beds
5 Bath
$688,888

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. (id:2471)

Representative
Levi Kap
Levi KapSales Representative
PLATINUM KEY REALTY INC.
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Property Details
  • Property Address: 96 EMERY STREET W, London South (South E), Ontario, N6J1R8
  • Community Name: South E
  • Property Type: Multi-family
  • Zoning Description: R1-4
  • Lot Size: 35.1 x 137.2 FT ; 35.06ft x 137.16ft x 35.05ft x 137.18ft
  • Acreage: 35.1 x 137.2 FT ; 35.06ft x 137.16ft x 35.05ft x 137.18ft|under 1/2 acre
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Driveway: No Garage, Tandem
  • Total Parking Spaces: 4
  • Amenities Nearby: Hospital, Place of Worship, Schools, Public Transit
Structure Details
  • Structure Style: Fourplex
  • Storeys: 1.5
  • Floor Space: 1100 - 1500 sqft
  • Building Age: 51 to 99 years
  • Bedrooms: 5 + 2
  • Bathrooms: 5-Total
  • Basement Type: N/A (Finished)
  • Heating Type: Natural gas, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Aluminum siding
  • Foundation Type: Poured Concrete, Block
  • Appliances Included: Water Heater, Water meter, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
  • Structures: Deck, Porch
Amenities / Features
  • Sloping
  • Lighting
  • Carpet Free
  • Community Centre
External Documents
Room Details
Type Level Dimensions
Bedroom Second level 4.03 m x 3.64 m
Living room Second level 2.36 m x 3.65 m
Kitchen Second level 1.78 m x 3.93 m
Bathroom Second level 0.89 m x 2.74 m
Kitchen Lower level 2.83 m x 2.86 m
Bedroom Lower level 3.12 m x 3.3 m
Bathroom Lower level 1.19 m x 2.01 m
Kitchen Lower level 2.82 m x 3.87 m
Bedroom Lower level 5.01 m x 3.32 m
Bathroom Lower level 2.15 m x 1.19 m
Bathroom Main level 1.49 m x 2.04 m
Bathroom Main level 2.19 m x 1.21 m
Kitchen Main level 2.95 m x 3.52 m
Bedroom Main level 2.97 m x 2.18 m
Bedroom 2 Main level 2.31 m x 3.05 m
Bedroom 3 Main level 2.31 m x 3.82 m
Primary Bedroom Main level 4.57 m x 3.08 m
Living room Main level 2.51 m x 3.04 m
Neighbourhood Information

Listing Office: EXP REALTY

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96 EMERY STREET W, London South (South E), Ontario, N6J1R8
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