194 FURNIVAL ROAD
West Elgin (Rodney), Ontario
MLS® X12664774
$699,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12664774
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- —
1 / 36Listing description
Vacant possession triplex with value-add, development and severance potential on over 2. 5 acres within minutes to Highway 401 and approximately 30 minutes to London! 194 Furnival Road is a high-potential investment featuring M1 Commercial Zoning and a layout primed for maximum ROI.
Two of the three existing units are turnkey and ready for immediate occupancy, while the third unit offers a significant lift and value-add opportunity for a forced appreciation strategy. For those looking to maximize the property's density, the high-ceiling basement with a separate entrance is a game-changer, offering the potential to be finished into two additional units to create a 5-unit cash-flow powerhouse. The expansive 2.
5-acre lot provides even more upside through potential severance or commercial development right in the heart of Rodney. This property is a dream for investors seeking a strategic project, or end-users looking for a substantial mortgage helper with massive future equity growth. Ideally located within walking distance to local shops and just 10 minutes from the New Glasgow Yacht Club and the beaches of Port Glasgow, this versatile estate allows you to set your own market rents and start building equity on day one.
Property summary
- MLS® number
- X12664774
- Property type
- Multi-family
- Building type
- Other
- Land size
- 66 x 120.9 FT ; IRREGULAR
- Annual property taxes
- $1,487.00
- Parking
- 4 spaces · No Garage
- Days on market
- 233 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Washer, Refrigerator, Water purifier, Dishwasher, Stove, Dryer, Freezer, Water Heater
- Exterior features
- Vinyl siding
- Community features
- Community Centre
What would this home cost you?
Based on the $699,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.