Property Information:

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 $1,950 +utilities for the upper unit and $1,950 + 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 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:27)

Building Features:

Style: Duplex
Building Type: Duplex
Air Conditioning: Yes
Amenities: Separate Heating Controls, Separate Hydro Meters
Architectural Style: Raised bungalow
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick, Vinyl siding
Fireplace: Yes
Floor Space: 700 - 1100 sqft
Foundation Type: Poured Concrete
Heating Type: Baseboard heaters, Radiant heat, Not known, Not known
Heating Fuel: Electric, Natural gas
Cooling Type: Wall unit
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 2
Amenities Nearby: Hospital, Schools
Features:
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Depth: 273.7 Feet
Lot Frontage: 38 Feet
Lot Size: 38 x 273.7 FT
Zoning: R2-3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: PRIME REAL ESTATE BROKERAGE

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Demographic Information of 219 EMERSON AVENUE, London South (South H), Ontario, N5Z 3L5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$60,562.69

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.63 %

High school certificate or equivalent

35.0 %

Apprenticeship trade certificate/diploma

6.53 %

College/non-university certificate

26.11 %

University certificate (below bachelor)

0.14 %

University Degree

8.6 %

Commuter

Travel To Work

By Car

84.34 %

By Public Transit

4.25 %

By Walking

5.77 %

By Bicycle

1.52 %

By Other Methods

4.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.97 %

Houses

61.03 %

219 EMERSON AVENUE, London South (South H), Ontario, N5Z 3L5