ON > London
London, ON N6J 1R8,96 Emery Street W
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London, ON N6J 1R8,96 Emery Street W
London, ON N6J 1R8,96 Emery Street W
London, ON N6J 1R8,96 Emery Street W
London, ON N6J 1R8,96 Emery Street W
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
Listed by Nathan Blanco • EXP REALTY
$ 688,888
Est. payment /mo
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Open Thu 1PM-3PM

96 Emery Street W London, ON N6J 1R8

7 Beds

5 Baths

1,306 SqFt

Open House

Thu Oct 16, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,306 sqft

Price per Sqft $527

MLS Listing ID 40778135

Bedrooms 7

Abv Grd Liv Area 1,983

Year Built 1951

Annual Tax Amount $3,085

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi-4 Unit

Source Cornerstone

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

Area South

Zoning R1-4

Direction WHARNCLIFFE RD SOUTH TO EMERY STREET WEST. THE PROPERTY IS LOCATED ON THE NORTH SIDE OF EMERY STREET WEST BETWEEN WINSTON AVE AND HIGHWOOD AVE.

Rooms

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

Kitchen 0

Interior

Interior Features Accessory Apartment, Upgraded Insulation, Other

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry None

Exterior

Exterior Feature Awning(s), Private Entrance, Year Round Living

Parking Features Asphalt

Fence Full

Roof Type Asphalt Shing,Shingle

Street Surface Paved

Porch Deck, Patio, Porch

Lot Frontage 35.05

Lot Depth 137.16

Garage No

Building

Lot Description Rectangular, Ample Parking, Dog Park, Hospital, Major Anchor, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails, Other

Faces WHARNCLIFFE RD SOUTH TO EMERY STREET WEST. THE PROPERTY IS LOCATED ON THE NORTH SIDE OF EMERY STREET WEST BETWEEN WINSTON AVE AND HIGHWOOD AVE.

Story 1

Foundation Concrete Block, Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Woodland Heights Public School, St. Martin Catholic Elementary School

High Schools Westminster Secondary School, Catholic Central High School

Others

Senior Community No

Tax ID 083940559

Ownership Freehold/None

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Ivan Gascho

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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96 Emery Street W