$699,000

194 Furnival Rd, West Elgin, N0L 2C0

3

4 Parking

2,500-3,000 sqft

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.
110 days
On Market
Multiplex
Property Type
$1,487 / Year
Est. Taxes
$0 / Month
Maint. Fees
-
Locker
100+
Year Built

$662,554

-$36,446 below list price

EXP REALTY - Disclaimer: The information contained in this listing has not been verified by EXP REALTY and should be verified by the buyer.

Data is deemed reliable but not guaranteed accurate by TRREB.