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$699,000

Est. payment - /mo

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6 Beds

3 Baths

2.5 Acres Lot

Active

194 Furnival RD West Elgin, ON N0L 2C0

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Kenneth Yim

ken@broadviewavenue.ca +1(416) 906-0080

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Rodney

MLS Listing ID X12664774

Style 2-Storey

Bedrooms 6

Annual Tax Amount $1,487

Tax Year 2025

Lot Size 2.500 Acres

Property Sub-Type Multiplex

Lot Depth 120.94

Lot Front 66.0

Property Description

Solid TRIPLEX with STRONG CASHFLOW POTENTIAL & value-add, development WITH severance potential on over 2.5 acres within minutes to Highway 401 and approximately 30 minutes to London! VACANT ON POSSESSION. 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.

Location

Province ON

County Elgin

Area Elgin

Rooms

Family Room Yes

Basement Full, Unfinished

Kitchen 3

Interior

Interior Features In-Law Capability, Separate Hydro Meter, Water Heater Owned, Water Purifier

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Privacy

Parking Features Private Double

Pool None

Roof Type Asphalt Shingle

Lot Frontage 66.0

Lot Depth 120.94

Total Parking Spaces 4

Building

Building Age 100+

Unit Features Rec./Commun.Centre,School,Other,Beach

Foundation Unknown

Others

ParcelsYN No

Virtual Tour https://youtu.be/Cx4lK0aCKM0

Listed by EXP REALTY

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Kenneth Yim

Broker of Record License ID: 9524831

+1(416) 906-0080

NEARBY SCHOOL & BUSINESS

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