96 Emery ST W new Save Request In-Person Tour Request Virtual Tour
London South,ON N6J 1R8
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision South E
MLS Listing ID X12455864
Style 1 1/2 Storey
Bedrooms 7
Annual Tax Amount $3,085
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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.
Location
Province ON
County Middlesex
Community South E
Area Middlesex
Rooms
Family Room No
Basement Finished with Walk-Out,Separate Entrance
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Accessory Apartment,Carpet Free,Primary Bedroom - Main Floor,Water Heater Owned,Upgraded Insulation
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Porch,Year Round Living,Lighting
Parking Features Private Triple,Tandem
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Topography Sloping
Lot Frontage 35.05
Lot Depth 137.16
Total Parking Spaces 4
Building
Building Age 51-99
Unit Features Fenced Yard,Hospital,Place Of Worship,Rec./Commun.Centre,School,Public Transit
Foundation Poured Concrete,Concrete Block
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
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