222 Furnival Road West Elgin, Ontario N0L 2C0
$849,900
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:18082)
Property Details
| MLS® Number | X12130175 |
| Property Type | Multi-family |
| Community Name | Rodney |
| Equipment Type | None |
| Parking Space Total | 1 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Amenities | Separate Electricity Meters |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Brick |
| Half Bath Total | 1 |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 122 Ft |
| Size Frontage | 38 Ft ,3 In |
| Size Irregular | 38.3 X 122 Ft |
| Size Total Text | 38.3 X 122 Ft |
https://www.realtor.ca/real-estate/28272740/222-furnival-road-west-elgin-rodney-rodney
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 07 2025 03:29:21
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.