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246 GREENWOOD AVENUE, London South (South D)
2026-01-16
Quick Summary
- Location
- 246 GREENWOOD AVENUE, London South (South D), Ontario N6J3G4
- Price
- $1,469,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 2500 - 3000 sqft
- Bedrooms:
- 8
- Bathrooms:
- 4
- Garages:
- 8
MLS®#X12703186
Property 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. Three 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. (id:32467)
Property Features
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater
- Basement Development: Partially finished
- Basement Type: Full (Partially finished)
- Cooling Type: Wall unit
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 2500 - 3000 sqft
- Building Type: Fourplex
- Utility Water: Municipal water
Features
- Feature: Hillside, Wooded area, Flat site
Land
- Land Size: 53.7 x 249.9 FT
- Sewer: Sanitary sewer
Information entered by PRIME REAL ESTATE BROKERAGE
Listing information last updated on: 2026-04-22 13:21:05
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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