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222 Furnival Road West Elgin, Ontario N0L 2C0

7 Bedroom 7 Bathroom 3000 - 3500 sqft
None Forced Air

$850,000

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:61499)

Property Details

MLS® Number X13642802
Property Type Multi-family
Community Name Rodney
ParkingSpaceTotal 1

Building

BathroomTotal 7
BedroomsAboveGround 7
BedroomsTotal 7
Amenities Separate Electricity Meters
BasementDevelopment Unfinished
BasementType N/a (unfinished)
CoolingType None
ExteriorFinish Brick
FoundationType Brick
HalfBathTotal 2
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 3000 - 3500 Sqft
Type Other
UtilityWater Municipal Water

Parking

Attached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 122 Ft
SizeFrontage 38 Ft ,3 In
SizeIrregular 38.3 X 122 Ft
SizeTotalText 38.3 X 122 Ft
ZoningDescription C1

https://www.realtor.ca/real-estate/30120047/222-furnival-road-west-elgin-rodney-rodney

Interested?

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Jocelyn Clements
Salesperson


RE/MAX Advantage Realty Ltd.

Chandary Ouch
Salesperson


RE/MAX Advantage Realty Ltd.

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