$1,999,900
0 bd • 0 ba • 2500 sf • Multifamily
231 Greenwood Avenue
Virtual TourStreet ViewDirections
$1,999,900
Get pre-approved

231 Greenwood AvenueLondon, ON, N6J 3G5

Southcrest
  • 0 Bed
  • 0 Bath
  • 2500 Sqft
  • Multifamily

About this home

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:32586)
Listed by: Trevor Tyson, Sales Representative, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$1,999,900
Get Pre-Approved
Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Multifamily
Lot Size
66 ft x 198 ft (13068 ft²)
Depth
198 ft
Frontage
66 ft
Exterior Finish
Brick
Heating Type
Heat Pump, Not known
Community
Agent details
Primary Agent
Trevor Tyson
Primary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
5 Days
MLS® Number
X12467479
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
4.09%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Kensal Park Public School
  • Public
  • K - 8
É Élém C Frère André
  • Catholic
  • JK - 6
Woodland Heights Public School
  • Public
  • JK - 8
Westminster Secondary School
  • Public
  • 9 - 12
Victoria Public School
  • Public
  • JK - 8
St Martin School
  • Catholic
  • JK - 8
Arthur Ford Public School
  • Public
  • JK - 8
Notre Dame School
  • Catholic
  • JK - 8
Eagle Heights Public School
  • Public
  • JK - 8
Wortley Road Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Southcrest

Neighborhoods near Southcrest

Listing data was last updated on 2025-10-23.
Call Agent
Sales Representative
Trevor Tyson
Phone:
(519) 673-3390
Office:
(519) 473-9992
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.