33
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$699,000
Est. payment /mo
6 Beds
3 Baths
2,500 SqFt
New
194 FURNIVAL ROAD West Elgin (rodney), ON N0L2C0
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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
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
Listed by EXP REALTY