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Richard Rutkowski

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$ 688,888

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Active

96 Emery ST W London South, ON N6J 1R8

7 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision South E

MLS Listing ID X12455864

Style 1 1/2 Storey

Bedrooms 7

Annual Tax Amount $3,085

Tax Year 2025

Property Sub-Type Fourplex

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

Community South E

Area Middlesex

Zoning R1-4

Rooms

Basement Finished with Walk-Out, Separate Entrance

Kitchen 4

Interior

Interior Features Accessory Apartment, Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned, Upgraded Insulation

Cooling Central Air

Inclusions 5 Fridges, 4 Stoves, 3 Exhaust Vent Hoods, 3 Microwaves, Stacked Washer & Dryer Combo, Washer, Dishwasher, Hot Water Heater (Owned)

Exterior

Exterior Feature Deck, Porch, Year Round Living, Lighting

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Building Age 51-99

Foundation Poured Concrete, Concrete Block

Others

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/96_emery_street_west_london_on/

Lited by EXP REALTY

Richard Rutkowski

License Partner | Broker of Record | License ID: HBRUTKORI

+1(905) 876-6660

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