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194 FURNIVAL ROAD, West Elgin (Rodney) — listed at $699,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Solid TRIPLEX with STRONG CASHFLOW POTENTIAL & value-add, development WITH severance potential on over 2.5 acres within minutes to Highway 401 and approximately 30 minutes to London! VACANT ON POSSESSION. 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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 3.7 x 4.37 meters |
| Bedroom | Second level | 3.35 x 3.45 meters |
| Family room | Second level | 8.55 x 5.99 meters |
| Bathroom | Second level | 1 x 1 meters |
| Bedroom | Main level | 3.18 x 3.57 meters |
| Living room | Main level | 4.96 x 4.83 meters |
| Laundry room | Main level | 1.99 x 3.13 meters |
| Bathroom | Main level | 2.23 x 2.67 meters |
| Bedroom | Main level | 3.78 x 2.4 meters |
| Sitting room | Main level | 3.78 x 2.1 meters |
| Bathroom | Main level | 2.27 x 1.3 meters |
| Primary Bedroom | Second level | 4.47 x 4.6 meters |
| Bedroom | Second level | 3.35 x 4.15 meters |
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What's the parking situation?+
This property includes 4 spaces — No Garage.
Is 194 FURNIVAL ROAD a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $1,487, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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