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$ 849,900
Est. payment /mo
New
222 FURNIVAL ROAD West Elgin (rodney), ON N0L2C0
7 Beds
7 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $283
Subdivision Rodney
MLS® Listing ID X12130175
Bedrooms 7
Half Baths 1
Originating Board London and St. Thomas Association of REALTORS®
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by BLUE FOREST REALTY INC.