Nest Seekers

Vacant possession triplex with value add, development and severance potential on over 2.

West Elgin N0L 2C0
Canada

Listing

Web ID:5203744
Website:https://www.nestseekers.com/5203744

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 3

Financials

Price:C699,000
($506,800)
(€436,200)
Annual Taxes:C1,487

Description

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.
Virtual Tour: https://youtu.be/Cx4lK0aCKM0

Amenities

  • Deck
  • In-Law Capability
  • Privacy
  • Separate Hydro Meter
  • Water Heater Owned
  • Water Purifier

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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