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.
4 days
|
3
|
0
|
Zillow last checked:
Listing updated:
Listed by:
RE/MAX ADVANTAGE REALTY LTD.
Source: TRREB,MLS®#: X13642802Originating MLS®#: London and St. Thomas Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 7
Heating
Forced Air, Gas
Cooling
None
Features
Separate Hydro Meter
Basement: Unfinished
Has fireplace: No
Interior area
Living area range: 3000-3500 null
Property
Parking
Total spaces: 1
Parking features: Garage
Has garage: Yes
Features
Stories: 2
Pool features: None
Lot
Size: 4,676 Square Feet
Details
Parcel number: 351050212
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick
Foundation: Brick
Roof: Flat
Utilities & green energy
Sewer: Sewer
Community & HOA
Location
Region: West Elgin
Financial & listing details
Tax assessed value: C$163,000
Annual tax amount: C$4,336
Date on market: 8/6/2026
R
RE/MAX ADVANTAGE REALTY LTD.
By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.