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Multiplex for sale

$850,000

222 Furnival Road

Rodney, N0L 2C0

Bedrooms: 7 beds
Bathrooms: 7 baths
Interior: 3,000-3,500 ft²
Lot: 38.33 × 122 ft
Type: Multiplex
On the market: 72 days

Compare 222 Furnival Road

About this home

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.

Features

Separate Hydro Meter

Property details

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$699,000
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MLS® X12664774Compare 194 Furnival Road
New
$199,900
23781 Johnston Line

MLS® number

X13642802

Property type

Multiplex

Style

2-Storey

Bedrooms

7

Bathrooms

7

Kitchens

6

Interior size

3,000-3,500 ft²

Lot

38.33 × 122 ft

Basement

Unfinished

Heating

Forced Air, Gas

Sewer

Parking: 1 spaces, garage: attached
Exterior: Brick
Roof: Flat
Foundation: Brick
Property taxes: $4,336 (2026)
Possession: ASAP
Cross street: VICTORIA
Community: Rodney
Municipality: Rodney

What it could cost each month

Mortgage estimate

$3,764a month

$170,000 down, 4.5%, 25 years

Down payment

7.1%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

Rodney, near VICTORIA. About Rodney

222 Furnival Road, Rodney

Listing courtesy of RE/MAX ADVANTAGE REALTY LTD.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13642802. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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