Share
$688,888
Ontario,London
For Sale Active
96 EMERY Street W, London, Ontario N6J1R8
  • 7
  • 5
  • 1,983 Sqft
Basic Details
Description

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

$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:62650)

Read More
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40778135
  • Price: $688,888
  • Bedrooms: 7
  • Bathrooms: 5
  • Square Footage: 1,983 Sqft
  • Year Built: 1951
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 290392
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Finished, Full
  • Fence: Fence
  • Exterior Features: Aluminum siding
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, London, South E, N6J1R8
  • Street: EMERY
  • Street Number: 96
  • Street Suffix: Street
  • Longitude: W82° 43' 50.3''
  • Latitude: N42° 57' 49.8''
  • Street Dir Suffix: West
Additional Information
  • Lot Features:
  • Water Source:
  • Stories: 1.5
  • Number Of Units Total: 4
  • Lot Size Dimensions: 0.11
  • Foundation Details:
  • Community Features:
Financial
  • Tax Annual Amount: 3085
Powered by REALTOR.ca
Listing updated: 2025-10-13 02:55:18
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 2237273
  • List Office Key: 290392
  • Modification Timestamp: 2025-10-11T02:30:12Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2025-10-11T02:29:08Z
Powered by REALTOR.ca
Listing updated: 2025-10-13 02:55:19

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!