$688,888
Available - For Sale
Listing ID: X12455864
96 Emery Stre West , London South, N6J 1R8, Middlesex
| 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. |
| Price | $688,888 |
| Taxes: | $3085.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 96 Emery Stre West , London South, N6J 1R8, Middlesex |
| Acreage: | < .50 |
| Directions/Cross Streets: | Wharncliffe Rd S & Emery St W |
| Rooms: | 12 |
| Rooms +: | 6 |
| Bedrooms: | 5 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Finished wit, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Second | Bedroom | 13.22 | 11.94 | |
| Room 2 | Second | Living Ro | 7.74 | 11.97 | |
| Room 3 | Second | Kitchen | 5.84 | 12.89 | |
| Room 4 | Second | Bathroom | 2.92 | 8.99 | 3 Pc Bath |
| Room 5 | Main | Kitchen | 9.68 | 11.55 | |
| Room 6 | Main | Bedroom | 9.74 | 7.15 | |
| Room 7 | Main | Bedroom 2 | 7.58 | 10 | |
| Room 8 | Main | Bedroom 3 | 7.58 | 12.53 | |
| Room 9 | Main | Primary B | 14.99 | 10.1 | |
| Room 10 | Main | Living Ro | 8.23 | 9.97 | |
| Room 11 | Main | Bathroom | 4.89 | 6.69 | 4 Pc Bath |
| Room 12 | Main | Bathroom | 7.18 | 3.97 | 3 Pc Ensuite |
| Room 13 | Lower | Kitchen | 9.28 | 9.38 | |
| Room 14 | Lower | Bedroom | 10.23 | 10.82 | Combined w/Living |
| Room 15 | Lower | Bathroom | 3.9 | 6.59 | 3 Pc Bath |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Second |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 3 | Main |
| Washroom Type 4 | 3 | Lower |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Fourplex |
| Style: | 1 1/2 Storey |
| Exterior: | Aluminum Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private Tr |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private Tr |
| Park #2 | |
| Parking Type: | Private Tr |
| Park #3 | |
| Parking Type: | Tandem |
| Pool: | None |
| Other Structures: | Fence - Full |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Fenced Yard, Hospital |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Middlesex |
| Municipality: | London South |
| Neighbourhood: | South E |
| Style: | 1 1/2 Storey |
| Approximate Age: | 51-99 |
| Tax: | $3,085 |
| Beds: | 5+2 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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