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$1,579,000
Ontario,London South (South D)
For Sale Active
246 GREENWOOD AVENUE, London South (South D), Ontario N6J3G4
  • 8
  • 4
  • 2500 - 3000Square Feet
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Basic Details
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, with two vacant units providing immediate opportunity to stabilize or reposition rents. 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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12703186
  • Price: $1,579,000
  • Bedrooms: 8
  • Bathrooms: 4
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Office Name: PRIME REAL ESTATE BROKERAGE
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 276302
Features & Appliances
Features
  • Heating System: Heat Pump, Electric, Not known
  • Cooling System: Wall unit
  • Basement: Full, Partially finished
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London South (South D), N6J3G4
  • Street: Greenwood
  • Street Number: 246
  • Street Suffix: Avenue
  • Longitude: W82° 43' 27.8''
  • Latitude: N42° 58' 11.6''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 53.7 x 249.9 FT
Financial
  • Tax Annual Amount: 6303.24
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Listing updated: 2026-01-22 02:27:00
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Listing Information
  • List Agent Key: 1386667
  • List Office Key: 276302
  • Modification Timestamp: 2026-01-16T17:05:55Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-01-16T16:52:27Z
Powered by REALTOR.ca
Listing updated: 2026-01-22 02:27:01
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