230 EMERY STREET E is a 3-unit multi-family in London South, ON, asking $1,199,900 — $399,967 per door.
At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.
Asking price
$1,199,900
Units
3 units
Property type
Multi-family
Location
London South, ON
Price per door
$399,967
The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.
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Verdict
Debt coverage
Cash to close
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