194 Furnival Road, West Elgin, ON N0L 2C0
- $699,000
- 6
- BD
- 3
- BA
- 2,500
- SqFt
- List Price
- $699,000
- MLS#
- X12664774
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 2500-3000
- Province
- ON
- Municipality
- West Elgin
- Area
- Elgin
- Neighborhood
- Rodney
- Subdivision
- Furnival Road And Queens St
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.
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Additional Information
- Taxes
- $1,487
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Family Room
- Yes
- Kitchens
- 3
- Exterior
- Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Private Double
Mortgage Calculator
Listing courtesy of EXP REALTY.