Gurvinder Nokwal REALTOR®
For Sale Multiplex 286 days on market

$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

Room Level Dimensions
Living Room Main 16′ 3″ × 15′ 10″
Bathroom Main 7′ 5″ × 4′ 3″
Family Room Second 28′ 1″ × 19′ 8″
Sitting Main 12′ 5″ × 6′ 11″
Bathroom Main 7′ 4″ × 8′ 9″
Bathroom Second 3′ 3″ × 3′ 3″
Bedroom Second 11′ 0″ × 11′ 4″
Bedroom Second 11′ 0″ × 13′ 7″
Bedroom Main 12′ 5″ × 7′ 10″
Laundry Main 6′ 6″ × 10′ 3″
Bedroom Main 10′ 5″ × 11′ 9″
Bedroom Main 12′ 2″ × 14′ 4″
Primary Bedroom Second 14′ 8″ × 15′ 1″

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

Minimum for this price: $44,900 (6.42%)

Amortization, years

Estimated mortgage payment

$3,095 per month

Principal and interest
$3,095
Property tax
$124
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
Total, before legal fees
$150,255
Talk to me about financing

Estimates 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

194 Furnival Road, West Elgin, ON N0L 2C0 Rodney, West Elgin, ON N0L 2C0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$699,000 194 Furnival Road, West Elgin, ON N0L 2C0
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