Share
$1,999,900
Ontario,London South (South D)
For Sale Active
231 GREENWOOD AVENUE, London South (South D), Ontario N6J3G5
  • 3,000 Sqft
Basic Details
Description

Purpose built four plex with 2 bedrooms in each unit with with strong valued opportunity with City of London approval to covert into an 8 plex with four 2 bedrooms on the main level and four 2 bedroom lower units. All units have been renovated from top to bottom. Presently 2 units have been converted into 2 bedroom upper and

2 bedroom lower units. The other 2 units are 2+1 bedrooms with a finished bathroom and lower levels roughed in for a 2nd bedroom and kitchen. Strong value-add opportunity with upside already approved. Conversion will increase NOI by over $30,000 annually and lift valuation by approximately $432,000. Present Gross annual Income $132,000 net $115,209.03 Potential Annual Income converting to 8 x 2 bedroom units is $163,200.00 net $146,119.03 at 6.5 cap bring valuation to $2,248,000. (id:62650)

Read More
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12467479
  • Price: $1,999,900
  • Square Footage: 3,000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 276302
Features & Appliances
Features
  • Heating System: Heat Pump, Electric, Natural gas, Not known
  • Cooling System: Central air conditioning
  • Basement: Finished, N/A
  • Parking: No Garage, Shared
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, London South (South D), N6J3G5
  • Street: Greenwood
  • Street Number: 231
  • Street Suffix: Avenue
  • Longitude: W82° 43' 23.5''
  • Latitude: N42° 58' 11.3''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 66 x 198 FT
Financial
  • Tax Annual Amount: 6135.6
Powered by REALTOR.ca
Listing updated: 2025-10-28 12:11:46
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 1386667
  • List Office Key: 276302
  • Modification Timestamp: 2025-10-23T01:02:03Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-10-23T00:36:48Z
Powered by REALTOR.ca
Listing updated: 2025-10-28 12:11:47

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!