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$599,900
Est. payment /mo
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 X12464789
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 and versatility, 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 generate just over $47,000 in annual rental income, operating at an impressive 5.7% cap rate. Each of the two spacious 2-bedroom units features in-suite laundry, separate gas and hydro meters, and ample on-site parking - high-demand features that support premium market rents. Sitting on a deep lot in one of London's most convenient pockets, the home is minutes from Victoria Hospital and surrounded by restaurants, 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 own tenants at true market rates. Depending on how quickly you act, you may still have the opportunity to step in and place your own tenant - or even take over one of the units for an ideal house-hack setup while enjoying 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
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
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Listed by PRIME REAL ESTATE BROKERAGE
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491