246 Greenwood AVE, London South, ON N6J 3G4
246 Greenwood AVE, London South, ON N6J 3G4
246 Greenwood AVE, London South, ON N6J 3G4
246 Greenwood AVE, London South, ON N6J 3G4
246 Greenwood AVE, London South, ON N6J 3G4
246 Greenwood AVE, London South, ON N6J 3G4
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Colin Abbot

Colin Abbot

+1(519) 859-4579
-
Est. payment | /mo

8 Beds

4 Baths

Save
-
Est. payment | /mo
Save

8 Beds

4 Baths

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 X14159824

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 on a month to month basis with the understanding that the new owners may want vacant possession to finish the basements. 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

Area Middlesex

Rooms

Family Room No

Basement Partially Finished

Kitchen 4

Interior

Interior Features In-Law Capability, Separate Heating Controls, Separate Hydro Meter, Rough-In Bath

Cooling Wall Unit(s)

Exterior

Exterior Feature Landscaped

Parking Features Front Yard Parking, Lane, Unreserved

Pool None

Roof Type Asphalt Shingle

Lot Frontage 55.0

Lot Depth 249.85

Total Parking Spaces 8

Building

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN Yes

Listed by PRIME REAL ESTATE BROKERAGE

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Colin Abbot
Colin Abbot

Broker, Team Leader License ID: 9636655

+1(519) 859-4579

1890 Trailsway Dr, London, ON N6K 0K7, CAN

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246 Greenwood AVE

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