231 Greenwood Avenue London South (South D), ON N6J 3G5
Inscription par:  CREA / Listed By: Prime Real Estate Brokerage

  231 Greenwood Avenue London South (South D), ON N6J 3G5

En vigueur (143 Jours)
1 799 000 $ (CAD)
14
CAC
6
SDB

Description

Purpose-built fourplex now converted to a 6-unit income property, with City-approved plans for an 8-unit build-out. All units are FULLY RENOVATED TOP TO BOTTOM, offering immediate cash flow with significant upside. Presently the 2 bedroom upper rented at $1800p/m plus utilities and two 2 bedroom lower units rented at $1600p/m plus utilities. The other two units are 2+1 bedrooms with a finished basements and lower levels roughed in for a 2nd bedroom and kitchen at $2100p/m plus utilities.. Water and Taxes are $11789 for 2025..Present Gross annual Income $132,000. Net income $114,919.83 representing a cap rate of 6.4...Potential Annual Income converting to 8 x 2 bedroom units is $163,200.00 with a potential net income of $146,119.03 representing a cap rate 8.2. Asking price includes updates to all units complete, OLT and City of London zoning approvals, permit and drawings in place with 8x2 development approximately 75% complete. Over $400,000 value upside potential based on developed property income. (id:41440)

MLS®:
X12971596
Les impôts
$6,136(2026)
Catégorie
Multifamily
Ville
Middlesex County

Listed By

Trevor Tyson, Prime Real Estate Brokerage
Source
CREA
Dernière vérification Août 29 2026 à 7:45 PM EDT
Détails sur les salles de bains
  • Salles de bains: 6
Caractéristiques Intérieures
  • Water Meter
Informations sur le lot
  • Flat Site
  • Lane
Caractéristiques de la propriété
  • Foundation: Poured Concrete
Chauffage et refroidissement
  • Heat Pump
  • Natural Gas
  • Central Air Conditioning
Informations sur les sous-sols
  • Finished
  • N/a
Caractéristiques extérieures
  • Brick
Informations sur les services publics
  • Sewer: Sanitary Sewer
Stationnement
  • Total: 6
  • Shared
  • No Garage
Alimenté par Walk Score®
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/29/26 12:45