Vacant possession triplex with value-add, development and severance potential on over 2.5 acres within minutes to Highway 401 and approximately 30 minutes to London! 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 Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
2500-3000
Lot Size:
2-4.99
Lot Depth:
120'11"36.9 m
Lot Frontage:
66'20.1 m
Direction Faces:
North
Bedrooms:
6
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
6
Kitchens Above Grade:
3
Rooms Above Grade:
18
Zoning:
M1
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Full, Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Workshop, Shed, Additional Garage(s)
Parking Features:
Private Double
Parking Spaces:
4
Total Parking Spaces:
4.0
Family Room:
Yes
Possession Details:
flexible
Lot Irregularities:
IRREGULAR
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$96,000
Assessment Year:
2025
Taxes:
$1,487 /
2025
Assessment:
$96,000.00 /
2025
Elgin
West Elgin
Rodney
Rec./Commun.Centre, School, Other, Beach
In-Law Capability, Separate Hydro Meter, Water Heater Owned, Water Purifier
Deck, Privacy
3 WASHERS, 3 DRYERS, 3 STOVES, 3 FRIDGES, 2 FREEZERS, 2 DISHWASHERS, 2 HOT WATER TANKS,2 AC
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