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246 Greenwood Avenue in London South for sale

Asking price
$1,469,000
Estimate (Nov 07)
$1,385,000
MLS #:
X14159824
Type:
Fourplex, 1 Storey/Apt
Approx. SQFT:
2500-3000
Basement:
Part Fin
8 8
55 x 249.85 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Exp N/A N/A N/A
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.

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  • Date Listed: Friday, November 06, 2026
  • Listing Brokerage: Prime Real Estate Brokerage - Disclaimer: The information contained in this listing has not been verified by Prime Real Estate Brokerage and should be verified by the buyer.
  • City: London South

    More 8 bedrooms homes for sale in London South

  • Neighbourhood: South D
  • Major Intersection: Springbank
  • Full Address: 246 Greenwood Avenue, London South, N6J 3G4, Canada, ON, Canada
  • Amenities:
  • Taxes: $6,303.00 (2025)

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