$1,799,000
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231 Greenwood Avenue, London South (south D), ON N6J3G5

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14 Beds
6 Baths
- Sq Ft

Purpose-built fourplex now converted to a 6-unit income property, with City-approved plans for an 8-unit build-out. All units are FULLY RENOVATED TOP TO BOTTOM, offering immediate cash flow with significant upside. Presently the 2 bedroom upper rented at $1800p/m plus utilities and two 2 bedroom lower units rented at $1600p/m plus utilities. The other two units are 2+1 bedrooms with a finished basements and lower levels roughed in for a 2nd bedroom and kitchen at $2100p/m plus utilities.. Water and Taxes are $11789 for 2025..Present Gross annual Income $132, 000. Net income $114, 919.83 representing a cap rate of 6.4...Potential Annual Income converting to 8 x 2 bedroom units is $163, 200.00 with a potential net income of $146, 119.03 representing a cap rate 8.2. Asking price includes updates to all units complete, OLT and City of London zoning approvals, permit and drawings in place with 8x2 development approximately 75% complete." Over $400, 000 value upside potential based on developed property income. (id:58753)

Listing By: TREVOR TYSON - PRIME REAL ESTATE BROKERAGE cncrea2 Realty.com
  • MLS® X12971596
  • Date Listed04/08/2026
  • Days on Realty 61 Days
  • Bedrooms 14
  • Bathrooms 6 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Appliances Water meter
  • Cooling Central air conditioning
  • Heating Heat Pump, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Flat site, Lane

Directions

Cross Streets: Springbank Dr. ** Directions: Turn south off Springbank Dr onto Greenwood Av. on the west side.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N6J3G5

Discover key demographics, population statistics, and environmental insights for the London South (south D), ON area.

Walkability in ON / N6J3G5

Source: Walk Score

71/100

Very Walkable

Walk Score ®

41/100

Some Transit

Transit Score ®

57/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

7 nearby routes: 7 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 45/100, Bike Score: 57/100.

Points of Interest near 231 GREENWOOD AVENUE, London South (South D), ON N6J3G5

Frequently Asked Questions for 231 GREENWOOD AVENUE

Source: Realty.com

231 GREENWOOD AVENUE, London South (South D), ON N6J3G5 in London South (South D), ON N6J3G5 is a other listed at $1,799,000. Highlights include 14 bedrooms, 6 bathrooms. Realty.ca has 38 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 38 photos of 231 GREENWOOD AVENUE.

The full address for this home is 231 GREENWOOD AVENUE, London South (South D), ON N6J3G5.

231 GREENWOOD AVENUE has been listed on Realty.com since Wed April 08, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 45/100, Bike Score: 57/100.

Listing provided courtesy of: PRIME REAL ESTATE BROKERAGE
Listing agent: TREVOR TYSON

This content last refreshed on 2026-06-08 09:23:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.