REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 599,900
Est. payment /mo
New
219 EMERSON AVENUE London South (south H), ON N5Z3L5
4 Beds
2 Baths
700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $857
Subdivision South H
MLS® Listing ID X12665306
Style Raised bungalow
Bedrooms 4
Source London and St. Thomas Association of REALTORS®
Property Description
Welcome to 219 Emerson Avenue - a purpose-built duplex that not only delivers convenience andversatility, but also stands out as a strong cash-flowing investment. With projected rents of $1,995 +utilities for the upper unit and $1,945 + utilities for the lower unit, this property is forecasted to generatejust over $47,000 in annual rental income, operating at an impressive 5.7% cap rate. Each of the twospacious 2-bedroom units features in-suite laundry, separate gas and hydro meters, and ample on-siteparking - high-demand features that support premium market rents. Sitting on a deep lot in one ofLondon's most convenient pockets, the home is minutes from Victoria Hospital and surrounded byrestaurants, shopping, and essential amenities, offering the perfect blend of comfort and accessibility.Delivered with full vacant possession, this duplex gives investors the rare advantage of selecting their owntenants at true market rates. Depending on how quickly you act, you may still have the opportunity to stepin and place your own tenant - or even take over one of the units for an ideal house-hack setup whileenjoying a move-in-ready home. Whether you're building your portfolio or looking for a smart way to reduce living costs, 219 Emerson Avenue is a versatile, income-generating opportunity you won't want to miss. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Radiant heat, Not known, Not known
Cooling Wall unit
Fireplaces Number 2
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Listed by PRIME REAL ESTATE BROKERAGE
GET MORE INFORMATION
QUICK SEARCH