194 FURNIVAL ROAD, West Elgin (Rodney)

$699,000

For sale: Multiplex

Multiplex at 194 FURNIVAL ROAD, West Elgin (Rodney)
Property type
Multiplex
Bedrooms / bathrooms
6 bedrooms, 3 bathrooms
Living area
3,000 sqft
MLS®
MLS® X12664774
Neighbourhood
Rodney

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.

Sold data

Homes in West Elgin (Rodney) — recent sold market

Homes in West Elgin (Rodney) took a median of 33 days to sell over the last 365 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 54, across 70 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $449,450.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
33
Median sale price
$449,450
Sale-to-list ratio
96.3%
Sold above asking
6%

Based on 70 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 194 FURNIVAL ROAD