649 Emery Street E, London South

$499,900
649 Emery Street E

$499,900

New
4d
DetachedBungalow

649 Emery Street E, London South

Total Monthly Obligation $2,665

Beds
2
Baths
2
Park
3
Sqft
700-1100
DOM
4d
Score
21
Yield
5.5%
Cash on Cash
-0.8%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.1%
Property Type-Detached
MLS® Number-X14092204
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-35 × 124.71 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,286 (2026)
Parking-4 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-South G
Title-Residential Freehold

No agent assigned

Full of character and classic charm, this all-brick bungalow is nestled in the heart of London's desirable Old South neighbourhood! The inviting covered front porch sets the tone for a home filled with warmth and timeless details, including beautiful stained glass windows, hardwood floors and a welcoming living room centred around a wood-burning fireplace. The main floor offers two bedrooms, a four-piece bathroom and comfortable one-floor living. The unfinished lower level provides excellent potential to create additional living space, a recreation room, hobby area or home office, with the added convenience of a second bathroom already in place. Outside, enjoy a beautiful backyard retreat featuring a patio and gazebo, perfect for relaxing, entertaining or enjoying a quiet morning outdoors. A detached garage adds valuable storage and parking. Ideally located in Old South, this charming property is just a short distance from the Wellington Road BRT corridor, with convenient access to shopping, amenities and the best of London's established south-end neighbourhoods. A wonderful opportunity to enjoy character, convenience and the potential to make this home your own!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,665/mo
Mortgage $2,016
Monthly Loss $2,135
Principal$531
Interest$1,486
Property Tax$274
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.5%39
10-Year IRR
11.0%
Returns Index
20.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$27,660/yr
NOI
$17,108/yr
Net Cash Flow
-$591/mo
Cash Margin
-25.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
30.1/ 100

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

Comparables

Properties near 649 Emery Street E

Time

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Data last updated within the past 24 hours.