Room 1
Level not provided
246 Greenwood Ave
South D, London South, Ontario N6J 3G4
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X14159824
- Board
- TRREB MLS®
- Days on market
- Tax
- $6,303
- Size
- 2500-3000 sqft
- Lot
- 55 × 249.85 Feet
- Parking
- None, 8 Parking
Listing History
Buy/Sell history for 246 Greenwood Ave, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,469,000 | N/A | For Sale | X14159824 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Fourplex
- Style
- 1 Storey/Apt
- Community
- South D
- Municipality
- London South
Inside
- Bedrooms
- 8
- Bathrooms
- 4
- Bathroom Detail
- 4, 4pc
- Basement Type
- Part Fin
- Kitchens
- 4
Utilities
- Water
- Municipal
- Cooling
- Wall Unit
- Heating Type
- Heat Pump
Building
- Size
- 2500-3000 sqft
- Construction
- Brick
Parking
- Driveway
- Front Yard, Lane, Unreserved
- Garage Type
- None
- Add. Parking
- 8
- Total Parking
- 8
Land
- Sewer
- Sewers
- Lot Size
- 55 × 249.85 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$6,734
- Down payment$293,800
- Mortgage amount$1,175,200
- Total interest$845,000
- Total cost$2,314,000
Cash flow analysis
$6,734
Total monthly payment
$7,259
Break-even down payment
100%
Cash flow-$7,259
03 / Community profileNeighbourhood demographicsPeople, homes and household context
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04 / Local performanceMarket detailsNeighbourhood price and activity trends
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$1,469,000
$1,469,000
CAD
Estimated market value
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