ON > West Elgin (rodney) > Rodney
West Elgin (rodney), ON N0L2C0,194 FURNIVAL ROAD
West Elgin (rodney), ON N0L2C0,194 FURNIVAL ROAD
West Elgin (rodney), ON N0L2C0,194 FURNIVAL ROAD
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$699,000
Est. payment /mo
6 Beds
3 Baths
2,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $279

Subdivision Rodney

MLS® Listing ID X12664774

Bedrooms 6

Source Toronto Regional Real Estate Board

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Extra Room 1 Second level 3.35 m X 3.45 m Bedroom

Extra Room 2 Second level 8.55 m X 5.99 m Family room

Extra Room 3 Second level 1 m X 1 m Bathroom

Extra Room 4 Second level 4.47 m X 4.6 m Primary Bedroom

Extra Room 5 Second level 3.35 m X 4.15 m Bedroom

Extra Room 6 Main level 3.7 m X 4.37 m Bedroom

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://youtu.be/nPgVVuuVXDU

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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