$699,000
Available - For Sale
Listing ID: X12664774
194 Furnival Road , West Elgin, N0L 2C0, Elgin
| Solid TRIPLEX with STRONG CASHFLOW POTENTIAL & value-add, development WITH severance potential on over 2.5 acres within minutes to Highway 401 and approximately 30 minutes to London! VACANT ON POSSESSION. 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. |
| Price | $699,000 |
| Taxes: | $1487.00 |
| Assessment Year: | 2025 |
| Occupancy: | Owner |
| Address: | 194 Furnival Road , West Elgin, N0L 2C0, Elgin |
| Acreage: | 2-4.99 |
| Directions/Cross Streets: | Furnival Road and Queens St |
| Rooms: | 18 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bedroom | 12.14 | 14.33 | |
| Room 2 | Main | Bedroom | 10.43 | 11.71 | |
| Room 3 | Main | Living Ro | 16.27 | 15.84 | Combined w/Kitchen |
| Room 4 | Main | Laundry | 6.53 | 10.27 | |
| Room 5 | Main | Bathroom | 7.31 | 8.76 | 4 Pc Bath |
| Room 6 | Main | Bedroom | 12.4 | 7.87 | |
| Room 7 | Main | Sitting | 12.4 | 6.89 | Combined w/Kitchen |
| Room 8 | Main | Bathroom | 7.45 | 4.26 | 4 Pc Bath |
| Room 9 | Second | Primary B | 14.66 | 15.09 | |
| Room 10 | Second | Bedroom | 10.99 | 13.61 | |
| Room 11 | Second | Bedroom | 10.99 | 11.32 | |
| Room 12 | Second | Family Ro | 28.04 | 19.65 | |
| Room 13 | Second | Bathroom | 3.28 | 3.28 | 4 Pc Bath |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 4 | Main |
| Washroom Type 13 | 4 | Second |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 4 | Main |
| Washroom Type 18 | 4 | Second |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | Main |
| Washroom Type 22 | 4 | Main |
| Washroom Type 23 | 4 | Second |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | Main |
| Washroom Type 27 | 4 | Main |
| Washroom Type 28 | 4 | Second |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 4 | Main |
| Washroom Type 32 | 4 | Main |
| Washroom Type 33 | 4 | Second |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 4 | Main |
| Washroom Type 37 | 4 | Main |
| Washroom Type 38 | 4 | Second |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 4 | Main |
| Washroom Type 42 | 4 | Main |
| Washroom Type 43 | 4 | Second |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 | |
| Washroom Type 46 | 4 | Main |
| Washroom Type 47 | 4 | Main |
| Washroom Type 48 | 4 | Second |
| Washroom Type 49 | 0 | |
| Washroom Type 50 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Pool: | None |
| Other Structures: | Workshop, Shed |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Rec./Commun., School |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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|
Shawn Syed, AMP
Broker
Dir:
416-786-7848
Bus:
(416) 494-7653
Fax:
1 866 229 3159
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Elgin |
| Municipality: | West Elgin |
| Neighbourhood: | Rodney |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $1,487 |
| Beds: | 6 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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