222 Furnival Road, West Elgin, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Rodney. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $850,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 7 Bathrooms with 6 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 38.33 x 122 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Separate Hydro Meter
- Efficient forced air heating via gas
Description
This well-maintained building in the heart of Rodney presents an excellent investment opportunity. With a Net Operating Income of $61,368 annually, the property consists of 5 residential units and 1 commercial unit. The commercial space, currently leased to a popular local restaurant serves as a strong anchor for the building's overall value. The property spans approximately 3,500 square feet on the main level, including rear garage space, offering a flexible layout for both residential and commercial tenants. Four out of the five residential units are currently tenanted, providing steady rental income. Additional features include separate hydro meters, gas heating and cooling systems, along with an updated boiler system (2022). This property combines strong income potential with a prime location in a thriving community, making it an ideal addition to any investment portfolio.
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Property Summary
This multiplex located at 222 Furnival Road, West Elgin is currently for sale and has been available on SousaSells for 5 days. This property is listed at $850,000 with an estimated mortgage of $2,829* per month. It has 7 beds, 7 bathrooms, and is 3000-3500 square feet. 222 Furnival Road, West Elgin is in the Rodney neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 7 bathrooms, this home offers ample space and comfort for growing families in Rodney, West Elgin.
- •7 spacious bedroom layout offering versatile living space
- •7 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Rodney, West Elgin.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 222 Furnival Road, West Elgin, ON
Q.What is the asking price for 222 Furnival Road, West Elgin, ON ?
The current listing price for 222 Furnival Road, West Elgin, ON in Rodney, West Elgin is $850,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 7 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 222 Furnival Road, West Elgin, ON ?
222 Furnival Road, West Elgin, ON is a Multiplex (2-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
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About Purchasing a Home in West Elgin, ON
For a property listed at $850,000 in West Elgin, the legal minimum down payment is $60,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,475 for this transaction. As this listing is in West Elgin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.