222 FURNIVAL ROAD
West Elgin (Rodney), Ontario
MLS® X13642802
$850,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13642802
- Bedrooms
- 7
- Bathrooms
- 7
- Year built
- —
1 / 18Listing description
This well-maintained building in the heart of Rodney presents an excellent investment opportunity. With a Net Operating Income of $61,368 annually, the property consists of 5 residential units and 1 commercial unit. The commercial space, currently leased to a popular local restaurant serves as a strong anchor for the building's overall value.
The property spans approximately 3,500 square feet on the main level, including rear garage space, offering a flexible layout for both residential and commercial tenants. Four out of the five residential units are currently tenanted, providing steady rental income. Additional features include separate hydro meters, gas heating and cooling systems, along with an updated boiler system (2022).
This property combines strong income potential with a prime location in a thriving community, making it an ideal addition to any investment portfolio.
Property summary
- MLS® number
- X13642802
- Property type
- Multi-family
- Building type
- Other
- Land size
- 38.3 x 122 FT
- Annual property taxes
- $4,336.36
- Parking
- 1 space · Attached Garage, Garage
- Days on market
- 43 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, N/A
- Exterior features
- Brick
What would this home cost you?
Based on the $850,000 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 RE/MAX ADVANTAGE REALTY LTD., LONDON.
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.