6 Bedroom
3 Bathroom
2,500 - 3,000 ft2
None
Forced Air
Acreage
$699,000
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. (id:61594)
Property Details
|
MLS® Number
|
X12664774 |
|
Property Type
|
Multi-family |
|
Community Name
|
Rodney |
|
Amenities Near By
|
Schools, Beach |
|
Community Features
|
Community Centre |
|
Parking Space Total
|
4 |
|
Structure
|
Deck, Workshop, Shed |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Total
|
6 |
|
Age
|
100+ Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Water Purifier, Dishwasher, Dryer, Freezer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Unknown |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
Yes |
|
Land Amenities
|
Schools, Beach |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
120 Ft ,10 In |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
66 X 120.9 Ft ; Irregular |
|
Size Total Text
|
66 X 120.9 Ft ; Irregular|2 - 4.99 Acres |
|
Zoning Description
|
M1 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom |
3.35 m |
3.45 m |
3.35 m x 3.45 m |
|
Second Level |
Family Room |
8.55 m |
5.99 m |
8.55 m x 5.99 m |
|
Second Level |
Bathroom |
1 m |
1 m |
1 m x 1 m |
|
Second Level |
Primary Bedroom |
4.47 m |
4.6 m |
4.47 m x 4.6 m |
|
Second Level |
Bedroom |
3.35 m |
4.15 m |
3.35 m x 4.15 m |
|
Main Level |
Bedroom |
3.7 m |
4.37 m |
3.7 m x 4.37 m |
|
Main Level |
Bedroom |
3.18 m |
3.57 m |
3.18 m x 3.57 m |
|
Main Level |
Living Room |
4.96 m |
4.83 m |
4.96 m x 4.83 m |
|
Main Level |
Laundry Room |
1.99 m |
3.13 m |
1.99 m x 3.13 m |
|
Main Level |
Bathroom |
2.23 m |
2.67 m |
2.23 m x 2.67 m |
|
Main Level |
Bedroom |
3.78 m |
2.4 m |
3.78 m x 2.4 m |
|
Main Level |
Sitting Room |
3.78 m |
2.1 m |
3.78 m x 2.1 m |
|
Main Level |
Bathroom |
2.27 m |
1.3 m |
2.27 m x 1.3 m |
https://www.realtor.ca/real-estate/29218722/194-furnival-road-west-elgin-rodney-rodney
