222 Furnival Road,West Elgin, ON N0L 2C0
West Elgin, ON N0L 2C0
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.
Details
| MLS # | X13642802 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | RE/MAX ADVANTAGE REALTY LTD. | X13642802 794900 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.11 |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Brick |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4336.36 |
|---|---|
| Tax Assessed Value | 163000 |
| Tax Legal Description | PART OF LOT 8 (FORMERLY LT 6 CON 8) BLOCK B PLAN 67 AS IN E300367; WEST ELGIN |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Elgin |
| City | West Elgin |
| Postal Code | N0L 2C0 |
| Area | Rodney |
| Listing VS Median (in N0L 2C0) | |
Price: $850,000 low | high Med: $0 On site: 15 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Elgin |
| City | West Elgin |
| Postal Code | N0L 2C0 |
| Area | Rodney |
| Listing VS Median (in N0L 2C0) | |
Price: $850,000 low | high Med: $0 On site: 15 low | high Med: | |
