$699,000
Est. payment $3,095/moCalculate yours
194 Furnival Road, West Elgin, ON N0L 2C0
Rodney, West Elgin, ON N0L 2C0
- 6 Beds
- 3 Baths
- 2,500 Sq Ft
Listing courtesy of EXP REALTY MLS® X12664774
About this home
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.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Full, Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 66 x 120.94 Feet
- Parking
- None garage · 4 total
- Zoning
- M1
Financial
- Property Taxes
- $1,487 (2025)
Location
- Neighbourhood
- Rodney
- Cross Street
- Furnival Road and Queens St
- Direction Faces
- North
Listing
- MLS® Number
- X12664774
- Days on Market
- 286
- Listed On
- 2026-01-05
- Possession
- flexible
- Listed By
- EXP REALTY
Rooms
Features
Interior
- In-Law Capability
- Separate Hydro Meter
- Water Heater Owned
- Water Purifier
Property
- Rec./Commun.Centre
- School
- Other
- Beach
Pool
- None
- Included
- 3 WASHERS, 3 DRYERS, 3 STOVES, 3 FRIDGES, 2 FREEZERS, 2 DISHWASHERS, 2 HOT WATER TANKS,2 AC
Mortgage calculator
Estimated mortgage payment
$3,095 per month
- Principal and interest
- $3,095
- Property tax
- $124
- Condo fees
- $0
- Estimated monthly cost
- $3,219
Your mortgage
- Mortgage amount
- $559,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $369,306
Cash to close
- Down payment
- $139,800
- Land transfer tax
- $10,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $150,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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