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96 Emery St W, London, ON

Real Estate

Sold

$--,---,---

$669,900

754

MLS® X12455864

Key Facts
Description
Rooms
Map

Key Facts

Type Quadruplex

Levels Residential

Size -

Garage No

Taxes $3,085

Lot Size

Approx. Age

MLS® Number X12455864

Property Address: 96 Emery St W, London, ON, N6J1R8

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® NumberX12455864

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age

BasementFinished with Walk-Out, Separate Entrance

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

Jun 21, 2022End Date

-Sold Price

Expired

May 12, 2022List Date

$499,900List Price

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