18
See all 18 photos
$850,000
Est. payment /mo
7 Beds
7 Baths
New
222 Furnival RD West Elgin, ON N0L 2C0
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Rodney
MLS Listing ID X13642802
Style 2-Storey
Bedrooms 7
Annual Tax Amount $4,336
Tax Year 2026
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room No
Basement Unfinished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Flat
Lot Frontage 38.33
Lot Depth 122.0
Total Parking Spaces 1
Building
Foundation Brick
Others
ParcelsYN No
Listed by RE/MAX ADVANTAGE REALTY LTD.
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