$699,000

Multiplex

194 Furnival Road, West Elgin, ON

11 DAYS
6
3
0
2500-3000
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Listed by EXP REALTY

Property Highlights

Parking

4 spaces

Property Tax

$1,487/yr

Age

100+ yrs

Lot Size

2-4.99 ac

Style

2-Storey

Basement

Full, Unfinished

Monthly Cost

$3,076/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$2,952
Property Tax ($1,487/yr)$124
Total$3,076

Price & Listing History

Schools

Location

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Rooms

Main Level

Living Room: 4.96m × 4.83m
Bathroom: 2.27m × 1.30m
Sitting: 3.78m × 2.10m
Bathroom: 2.23m × 2.67m
Bedroom: 3.78m × 2.40m
Laundry: 1.99m × 3.13m
Bedroom: 3.18m × 3.57m
Bedroom: 3.70m × 4.37m

Second Level

Family Room: 8.55m × 5.99m
Bathroom: 1.00m × 1.00m
Bedroom: 3.35m × 3.45m
Bedroom: 3.35m × 4.15m
Primary Bedroom: 4.47m × 4.60m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage