ON > West Elgin > Rodney
West Elgin, ON N0L 2C0,222 Furnival RD
West Elgin, ON N0L 2C0,222 Furnival RD
West Elgin, ON N0L 2C0,222 Furnival RD
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$849,900
Est. payment /mo
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7 Beds
7 Baths
New

222 Furnival RD West Elgin, ON N0L 2C0

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Rodney

MLS Listing ID X12130175

Style 2-Storey

Bedrooms 7

Annual Tax Amount $3,754

Tax Year 2024

Property Sub-Type Multiplex

Lot Depth 122.0

Lot Front 38.33

Property 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.

Location

Province ON

County Elgin

Community Rodney

Area Elgin

Rooms

Family Room No

Basement Unfinished

Kitchen 6

Interior

Interior Features Separate Hydro Meter

Cooling Other

Fireplace No

Heat Source Other

Exterior

Garage Spaces 1.0

Pool None

Roof Type Flat

Lot Frontage 38.33

Lot Depth 122.0

Total Parking Spaces 1

Building

Foundation Brick

Listed by BLUE FOREST REALTY INC.

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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