96 Emery Street W London, Ontario N6J 1R8
$688,888
This newly recognized 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 to new flooring to interconnected fire separations connected to furnace to cosmetic improvements of all 5 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. High quality finishes have been added including quartz countertops and tiled showers. 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 on bus to Western University, Fanshawe College, White Oaks Mall, Masonville Mall, Victoria Hospital, University Hospital and Downtown London. (id:41954)
Property Details
| MLS® Number | 40778135 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, Community Centre, School Bus |
| Features | Southern Exposure, Paved Driveway |
| Parking Space Total | 4 |
| Structure | Porch |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 5 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1951 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1452 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 137 Ft |
| Size Frontage | 35 Ft |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac|under 1/2 Acre |
| Size Total Text | 0.11 Ac|under 1/2 Acre |
| Zoning Description | R1-4 |
https://www.realtor.ca/real-estate/28975527/96-emery-street-w-london
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 10 2025 05:52:10
REALTORS® Association of Hamilton-Burlington
Exp Realty