246 GREENWOOD AVENUE, London South (South D), Ontario N6J3G4

246 GREENWOOD AVENUE
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Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100,000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Two units are currently leased at $1,800 per month plus utilities, with two vacant units providing immediate opportunity to stabilize or reposition rents. At full occupancy at current rents, annual gross income is projected at $91,200. Upon basement completion, projected net operating income increases to approximately $109,154, resulting in an estimated 6.5% cap rate.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesWater Heater
BasementPartially finished, Full
Bathrooms Total4
Bedrooms Total8
CoolingWall unit
HeatingHeat Pump, Not known, Electric, Electric

Building & Exterior

Building FeaturesSeparate Electricity Meters
Exterior FeaturesBrick
Foundation DetailsPoured Concrete
Parking FeaturesNo Garage

Land & Location

City RegionSouth D
Frontage Length53.8 feet
Lot FeaturesHillside, Wooded area, Flat site
Lot Size Dimensions53.7 x 249.9 FT

Listing & Financials

Listing OfficePRIME REAL ESTATE BROKERAGE
Originating System NameLondon and St. Thomas Association of REALTORS®

Other Specifications

CountryCanada
Parking Total8

For Sale

$1,579,000

246 GREENWOOD AVENUE, London South (South D), Ontario N6J3G4

Beds

8

Baths

4

Living Area

-

Lot Size

-

Property Type

Fourplex

Year Built

-

Listing IDX12703186

Location & Map

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