194 Furnival Road
West Elgin, ON
- 6 bed
- 3 bath
- approx. 2500-3000 sqft
- Multiplex
- 240 days on market
Vacant possession triplex with value-add, development and severance potential on over 2.5 acres within minutes to Highway 401 and approximately 30 minutes to London! 194 Furnival Road is a high-potential investment featuring M1 Commercial Zoning and a layout primed for maximum ROI. Two of the three existing units are turnkey and ready for immediate occupancy, while the third unit offers a significant lift and value-add opportunity for a forced appreciation strategy. For those looking to maximize the property's density, the high-ceiling basement with a separate entrance is a game-changer, offering the potential to be finished into two additional units to create a 5-unit cash-flow powerhouse. The expansive 2.5-acre lot provides even more upside through potential severance or commercial development right in the heart of Rodney. This property is a dream for investors seeking a strategic project, or end-users looking for a substantial mortgage helper with massive future equity growth. Ideally located within walking distance to local shops and just 10 minutes from the New Glasgow Yacht Club and the beaches of Port Glasgow, this versatile estate allows you to set your own market rents and start building equity on day one.
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Listing Details
- Taxes (2025)
- $1,487
- Listed
- January 5, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- In-Law Capability, Separate Hydro Meter, Water Heater Owned, Water Purifier
- Lot Size
- 66 x 120.94 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Furnival Road and Queens St
- Zoning
- M1
- Parcel Number
- 351050324
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- 3 WASHERS, 3 DRYERS, 3 STOVES, 3 FRIDGES, 2 FREEZERS, 2 DISHWASHERS, 2 HOT WATER TANKS,2 AC
Schools
Elementary
- Aldborough Public School1.3 km
Public · Thames Valley DSB · 340 students
Grade 3 reading: 57% met the provincial standard · Grade 6 math: 31% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area N0L
- Population
- 49,817
- Private dwellings
- 19,408
- Median age
- 44
- Average household size
- 2.6
- Median household income
- $100,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in West Elgin · last 12 months
- Median sold price
- $433,275
- Homes sold
- 70
- Median days on market
- 33
- Sale-to-list price
- 95.9%
Based on 70 recorded sales of residential freehold properties in West Elgin over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$139,800
Estimated Monthly Payment
$3,434
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,434/mo (20% down, 5.5%)
Taxes: $124/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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