163 Emerson Street
South I / London South, ON N5Z 3L5
About This Property
Vacant and ready for immediate possession! The tenants have officially moved out, meaning you can close and move right in without waiting. This home is the absolute perfect opportunity for house hacking. If you choose to live in the smaller front unit and rent out the second unit, you could enjoy a net mortgage payment of just $1,180 per month with a minimal down payment of only 5.6%- less than rent!What truly sets this property apart is the complete separation between the units (each has it's own furnace, a/c, and water heater) and extensive sound insulation on the one shared wall. And, reduce your long-term maintenance costs with the extensive capital renovation completed in 2021. Updated with new:-exterior siding; -new decks for each unit, complete with natural gas BBQ connections and the BBQs included;-reworked plumbing and electrical, including a separate 2nd panel;-2x forced-air furnaces; -2x hot water heaters, - and every major appliance replaced (washers, dryers, fridges, stoves)Each unit is outfitted with its own full kitchen, over-the-range microwave, and in-suite washer and dryer. Don't miss out on this rare, worry-free opportunity to live affordably while building effortless equity.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® X13243428
Listed by RIGHT AT HOME REALTY
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$2,803
/month · $459,200 mortgage
Amortization
Total Interest
$381,675
Total Cost
$840,875
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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