222 FURNIVAL ROAD, West Elgin (Rodney)
$850,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 7 bedrooms, 7 bathrooms
- Living area
- 3,500 sqft
- MLS®
- MLS® X13642802
- Neighbourhood
- Rodney
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.
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 73 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.
The median sale price was $449,900.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
- Median days to sell
- 33
- Median sale price
- $449,900
- Sale-to-list ratio
- 96.1%
- Sold above asking
- 5%
Based on 73 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
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