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2 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS4 + 5
ROOMSX13243428
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Property Description
PROPERTY OVERVIEW AND INCOME: This legal duplex, permitted and converted in 2021, is located on a quiet street close to the hospital, frequently attracting medical professionals. The front unit features 2 bedrooms and 1 bathroom, occupied by long-term tenants at $1,200 permonth. The larger rear unit features 2 bedrooms and 2 bathrooms, rented as a mid-term furnished unit for $2,890 per month, and will be sold fully furnished. Total gross monthly income is $4,090.2021 CAPITAL IMPROVEMENTS: The entire property underwent a full, permitted renovation in 2021. Upgrades for both units include 2 full kitchens, 2 bathrooms, 2 forced-air furnaces, 2 hot water heaters, 2 otr microwaves, and 2 in-suite washers, and dryers. Exterior improvements feature new siding across the entire structure and newly added decks for each unit, each complete with natural gas barbecue connections and bbq's included! This property is immediately ready for rental income.
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Property Features
Water Heater Owned, Private Double, Smoke Detector
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Property Details
Address
163 Emerson Street
Community
City
Postal Code
N5Z 3L5
Property Type
Duplex, Duplex
Zoning
R2-3
Lot Size
40' x 158'
Acreage
6,243.0 Feet
Taxes
$3,671 (2025
Basement
Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Right At Home Realty
Investors & First-Time Buyers - Don't Miss This Turnkey Opportunity Near Fanshawe College! 988 Prosperity Court, London | Around $4000 Monthly Income Potential | Fully Finished Basement with In-Law Suite. This versatile and income-generating 3+2 bedroom, 3-bathroom home located just steps from Fanshawe College. Whether you're an investor looking for solid monthly cash flow or a homeowner seeking a mortgage-helper potential, this home checks every box. Currently generating near $4000/month plus utilities, this property boasts a separate side entrance to a fully finished lower-level in-law suite, ideal for students, renters, or extended family. The basement features 2 bedrooms, a 3-piece bathroom, a roughed-in kitchenette, its own laundry, and private living space-perfect for maximizing rental income. The main floor offers an oversized living room with bay window, a 2-piece powder room, and a spacious kitchen with in-suite laundry. Patio doors lead to an impressive backyard-one of the largest in the area-complete with two storage sheds and plenty of outdoor space for tenants or future upgrades. Upstairs, you'll find a large primary bedroom with walk-in closet, two additional generously sized bedrooms, and a full 4-piece bathroom. Recent updates include: Brand new gas furnace (May 2025), New flooring throughout, Updated light & bathroom fixtures, Newer washer and dryer. Located on a quiet cul-de-sac just minutes from public transit, shopping, and Fanshawe College, this property offers a prime location and strong investment fundamentals. Don't Miss it! **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
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Freshly relisted and priced for today's market. This up/down duplex offers flexibility for owner-occupiers, first-time buyers, and investors looking for an attainable entry into the London market. The upper 2-bedroom unit is vacant, allowing a buyer to move in, choose their own tenant, or reset the rental terms. Qualified owner-occupant buyers may be able to purchase with approx. $25,000 down, OAC. The property features two self-contained units with private entrances, separate hydro meters, and shared laundry. The main floor unit includes 9' ceilings, stainless steel appliances, and additional finished basement space with a rec room and den. Parking for up to 6 vehicles, generous yard space, and potential for future garage development add practical value and long-term upside. A solid opportunity for buyers seeking income support, flexibility, and room to grow.
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Welcome to 737 William Street, a beautiful legal duplex that could also serve as an incredible single-family home, offering timeless characterand modern versatility. On a private, mature treed lot, nestled between between historical Woodfield and Old North, this property combinescharm, function, and flexibility. It's perfect and ready to go for multi-generational families, anyone seeking a home with income potential andmakes a phenomenal long term investment. With parking for five vehicles, two in the front driveway and three more off the rear laneway, thishome offers convenience and space rarely found in the center city. The main floor unit features two spacious bedrooms and showcases thehomes character with original wood trim, high ceilings, and an abundance of natural light. The inviting layout includes access to a full basement,providing excellent storage. Step outside to enjoy the incredible covered front porch for morning coffees, or the expansive deck that stretchesacross the whole back of the house and wraps around the side. An ideal spot to relax, entertain, and listen to the birds in the peaceful tranquility.The upper one-bedroom apartment is bright and charming, highlighted by a gas fireplace, large windows, and a skylight that fills the space withnatural light. It offers a private deck overlooking the trees and gardens, a separate dining area, a cozy living room, and an office workstationnook, perfect for todays work from home lifestyle. Additional features include two fridges, two stoves, one dishwasher, two washers, two dryers,and a garden shed for extra storage. From the moment you step through the solid wood front door, you'll be captivated by the warmth, detail, andcharacter that make this property truly special. With its versatility, great location, and undeniable charm, 737 William Street is a rare opportunityto own a home that fits your lifestyle, whether as a stunning single-family residence or perhaps an income-generating duplex.
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Amazing duplex located in desirable Woodfield District. This property offers a fantastic opportunity for investors seeking rental income from both units or for homeowners looking to live in one unit while renting out the other. The main unit features three bedrooms and one bathroom along with a charming covered front porch facing west - perfect for enjoying evening sunsets. At the rear, you'll find an enclosed sunroom that provides additional living space and year round enjoyment. The unit is freshly painted. The lower level unit includes two spacious bedrooms and an open-concept layout with a living and dining area complemented by newly installed kitchen cabinets, new flooring in kitchen, living room and dining room as well as freshly painted. The property also features a detached garage currently used for storage as well as a large backyard offering plenty of outdoor space. With its prime location near parks, schools and main bus routes, this property has tremendous potential.
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