$688,888
4.50 BTC
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96 Emery Street, London
$688,888
PRICE
5 + 2
BEDROOMS
5
BATHROOMS
X12455864
MLSID

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.
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Summary

Address
96 Emery Street
City
Community
MLSID
X12455864
Property Type
Fourplex
Property Category
Bedrooms
5 + 2
Bathrooms
5
Kitchens
2 + 2
Zoning
R1-4
Taxes (Annual)
$3,085.00
Tax Year
2025
Published
October 10, 2025
Days on Market
6 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

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

Exclusions

Tenant Owned Belongings / Personal Items

Details

Property Features
Fenced Yard, Hospital, Place Of Worship, Rec./Commun.Centre, School, Public Transit
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
3-Piece Second Level
Bathroom 2
4-Piece Main Level
Bathroom 3
3-Piece Main Level
Bathroom 4
3-Piece Lower Level
Basement
Finished with Walk-Out, Separate Entrance
Exterior Features
Deck, Porch, Year Round Living, Lighting
Interior Features
Accessory Apartment, Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned, Upgraded Insulation
Parking Spaces
4
Parking Total
4
Parking Features
Private Triple, Tandem
Architectural Style
1 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Aluminum Siding
Lot Size
0 Acres
Lot Width
35 Feet
Lot Depth
137 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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