246 Greenwood Avenue, London South
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:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 246 Greenwood Avenue, London South
- Type
- Multi-family
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size
- 53.7 x 249.9 FT
- Basement
- Partially finished, Full
- Parking
- No Garage
- Heating
- Heat Pump, Electric
- Cooling
- Wall unit
- Exterior
- Brick
- Annual Taxes
- $6,303 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 246 Greenwood Avenue
Active Listings
1
Min Price
$1,469,000
Max Price
$1,469,000
Avg Price
$1,469,000
Days on Market
242
days
Sold Listings
1
Min Sold Price
$1,199,900
Max Sold Price
$1,199,900
Avg Sold Price
$1,199,900
Days until Sold
103
days
Price History
Listed
January 16, 2026
by PRIME REAL ESTATE BROKERAGE
Current Price
$1,469,000
-7% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,469,000 | $110,000 (-7%) |
| Apr 9, 2026 | $1,579,000 | Listed |
