222 Furnival Road,West Elgin (Rodney), ON N0L2C0
West Elgin (Rodney), ON N0L2C0
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. (id:13843)
Details
| MLS # | X13642802 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 16 |
| Listing Provided By | RE/MAX ADVANTAGE REALTY LTD. | JOCELYN CLEMENTS |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 3,000 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1 |
Parking
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 1 |
Taxes
| Tax Annual Amount | 4336.36 |
|---|
Area Information
| Province | ON |
|---|---|
| City | West Elgin (Rodney) |
| Postal Code | N0L2C0 |
| Listing VS Median (in N0L2C0) | |
Price: $850,000 low | high Med: $609,000 sqft: 3,000 low | high Med: 1,500 $ / sqft: $283 low | high Med: $406 On site: 16 low | high Med: 173 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | West Elgin (Rodney) |
| Postal Code | N0L2C0 |
| Listing VS Median (in N0L2C0) | |
Price: $850,000 low | high Med: $609,000 sqft: 3,000 low | high Med: 1,500 $ / sqft: $283 low | high Med: $406 On site: 16 low | high Med: 173 | |
