London South, ON N6J 3G4,246 Greenwood AVE
London South, ON N6J 3G4,246 Greenwood AVE
London South, ON N6J 3G4,246 Greenwood AVE
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$1,579,000
Est. payment /mo
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8 Beds
4 Baths
New

246 Greenwood AVE London South, ON N6J 3G4

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision South D

MLS Listing ID X12703186

Style 1 Storey/Apt

Bedrooms 8

Annual Tax Amount $6,303

Tax Year 2025

Property Sub-Type Fourplex

Property Description

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.

Location

Province ON

County Middlesex

Community South D

Area Middlesex

Rooms

Family Room No

Basement Full, Partially Finished

Kitchen 4

Interior

Interior Features Rough-In Bath, Separate Hydro Meter, Water Heater, In-Law Capability

Cooling Wall Unit(s)

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 53.7

Lot Depth 249.85

Total Parking Spaces 8

Building

Building Age 51-99

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN No

Listed by PRIME REAL ESTATE BROKERAGE
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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