118 Emery Street W, London South

$429,900
118 Emery Street W

$429,900

New
37d
DetachedBungalow

118 Emery Street W, London South

Total Monthly Obligation $2,351

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
37d
Score
30
Yield
7.4%
Cash on Cash
7.3%
Cap Rate
6.2%
5Y IRR
21.4%
10Y IRR
19.5%
Property Type-Detached
MLS® Number-X13790836
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-35 × 137 ft
Listed on site-Sep 16, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,900 (2025)
Parking-3 - None
Basement-Full, Partially Finished, Separate Entrance, Walk-Out
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS LIFESTYLES
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-60-89 Days
Neighbourhood-South E
Title-Residential Freehold

No agent assigned

Welcome to 118 Emery Street West, a fantastic opportunity for first-time buyers, investors, or anyone looking to build equity in a well-located neighbourhood. Ideally situated just steps from The Coves, enjoy endless walking trails and nature while also being just minutes from Wortley Village, downtown London, schools, shopping, restaurants, public transit, and other everyday amenities.The bright main floor offers a functional layout with a spacious front living and dining area that flows seamlessly into the kitchen, complete with ample cabinetry, pantry storage, and plenty of workspace. Toward the back of the home, you'll find a second family room with patio doors leading to the upper deck, creating the perfect space for indoor-outdoor living and entertaining. The main floor features three bedrooms, including a spacious primary bedroom with double closets and convenient cheater access to the 3-piece bathroom with tub. The finished lower level offers even more living space with a large rec room, office, second 3-piece bathroom with a walk-in glass shower, laundry area, abundant storage, and a separate rear walkout to the backyard. Outside, enjoy a spacious backyard with a patio area and storage shed, offering plenty of room to relax, garden, or entertain. Additional updates include a 2023 furnace with a transferable 10-year warranty, 200-amp electrical service, and a separate electrical panel to the rear of the property. Whether you're looking for your first home or a smart investment in a great location, 118 Emery Street West is full of opportunity.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,351/mo
Mortgage $1,734
Monthly Loss $1,894
Principal$456
Interest$1,278
Property Tax$242
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.4%8
5-Year IRR
16.1%77
10-Year IRR
15.5%
Returns Index
41.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,800/yr
NOI
$21,220/yr
Net Cash Flow
$34/mo
Cash Margin
1.3%6
Cash Flow Index
6.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0228
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
38.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 118 Emery Street W

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.