222 Furnival Road, West Elgin, Ontario N0L 2C0

Listed for:
$850,000
7 beds
7 baths
Listed 34 days ago
Other for rent: 222 Furnival Road, West Elgin, Ontario N0L 2C0

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About

Cross Streets: VICTORIA. ** Directions: DRIVING SOUTH ON FURNIVAL ITS ON YOUR RIGHT. 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:27476)

Property Highlights

MLS® Number
X13642802
Type
Multi-family
Community Name
Rodney
Land Size
38.3 x 122 FT
Parking Space Total
1

Building

Building Type
Other
Storeys
2.00
Square Footage
3000 - 3500 sqft
Bathrooms Total
7
Bedrooms Above Ground
7
Bedrooms Total
7
Amenities
Separate Electricity Meters
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX ADVANTAGE REALTY LTD.
MLS® number:
X13642802
Agent:
Jocelyn Clements
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