194 Furnival Road, West Elgin, Ontario N0L 2C0

Listed for:
$699,000
6 beds
3 baths
Listed 3 days ago
Other for rent: 194 Furnival Road, West Elgin, Ontario N0L 2C0

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Learn more about this property
Listing provided by:
EXP REALTY
MLS® number:
X12664774
Agent:
Kamalpreet Kaur
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About

Furnival Road and Queens St 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:27476)

Property Highlights

MLS® Number
X12664774
Type
Multi-family
Community Name
Rodney
Land Size
66 x 120.9 FT ; IRREGULAR|2 - 4.99 acres
Parking Space Total
4

Building

Building Type
Other
Storeys
2.00
Square Footage
2500 - 3000 sqft
Bathrooms Total
3
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Separate Electricity Meters Schools, Beach
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Bedroom
Second level
3.35 m x 3.45 m
Family room
Second level
8.55 m x 5.99 m
Bathroom
Second level
1 m x 1 m
Primary Bedroom
Second level
4.47 m x 4.6 m
Bedroom
Second level
3.35 m x 4.15 m
Bedroom
Main level
3.7 m x 4.37 m
Bedroom
Main level
3.18 m x 3.57 m
Living room
Main level
4.96 m x 4.83 m
Laundry room
Main level
1.99 m x 3.13 m
Bathroom
Main level
2.23 m x 2.67 m
Bedroom
Main level
3.78 m x 2.4 m
Sitting room
Main level
3.78 m x 2.1 m
Bathroom
Main level
2.27 m x 1.3 m

Location