<-- style PDP --> 96 Emery Street, London - Multi-4 Unit for sale for $688,888
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96 Emery Street

London, ON, N6J 1R8 - South E

$688,888

  • Neighbourhood

    South E

  • Major Intersection

  • Listed Since: 5 day(s)

  • Last update: today

Overview

  • Property Type

    Multi-4 Unit, Residential Income

  • Bedrooms

    n/a

  • Bathrooms

    5

  • Basement

    Separate Entrance, Walk-Out Access, Walk-Up Access, Other, Full, Finished

  • Kitchen

    n/a

  • Total Parking

    4

  • Lot Size

    35.05x137.16 (Acres)

  • Taxes

    $3,085.00 (2025)

  • Type

    Freehold

Property Description

Property description for 96 Emery Street, London

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.

Listed by EXP REALTY

  • MLS #

    40778135

  • Sq. Ft

    1983

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    35.06 ft x 137.16 ft x 35.05 ft x 137.18 ft

  • Year Built

    1951

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    4

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Aluminum Siding

  • Fireplace

    n/a

  • Roof

    Asphalt Shing, Shingle

  • Foundation

    Concrete Block, Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air, Natural Gas

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

  • MLS #

    40778135

  • Sq. Ft

    1983

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    35.06 ft x 137.16 ft x 35.05 ft x 137.18 ft

  • Year Built

    1951

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    4

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Aluminum Siding

  • Fireplace

    n/a

  • Roof

    Asphalt Shing, Shingle

  • Foundation

    Concrete Block, Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air, Natural Gas

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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