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.
Residential income property (multi-family / multiplex)
2 stories
North-facing
Parking
4 parking spaces
Construction
Vinyl siding
Asphalt roof
Utilities
Public water
Other
Zoned M1
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 194 Furnival Rd
Sale History
Tax History
Date
Event
Price
TREB #X12664774
Jan 5, 2026
Listed
$699,000
TREB #X12167417
Jan 1, 2026
Delisted
—
May 22, 2025
Listed
$699,000
+39
Discover the charm and potential of this two-storey gem nestled on 2.5 acres in Rodney! This unique property boasts three units two on the main level and one upstairs offering a versatile living arrangement for families or investment opportunities. With a high-ceiling basement and a separate entrance, there's fantastic potential to develop a fourth unit, adding even more value. Key features include six bedrooms and three full bathrooms, ensuring plenty of space for everyone. The property has separate hydro meters for easy management of multiple units. Conveniently located with easy highway access, this property is close to a community centre, school, shopping, and much more, making it an ideal place to call home or a smart investment choice. Don't miss out on this incredible opportunity to own a versatile property in a thriving community! * * EXTRAS * * Roof was replaced approx in 2016 as per the seller. There are charcoal water filtration in the basement attached for main floor and the 2nd level. Each unit has own laundry available.
TREB #X11897649
Apr 28, 2025
Price Changed
$699,000
Dec 19, 2024
Listed
$799,000
TREB #X7740776
May 24, 2002
Listed
$64,000
TREB #X7919946
Jan 7, 2002
Listed
$66,900
TREB #X7924855
Sep 12, 2001
Listed
$79,500
As the MLS and public records start to fill up, we'll list the details here.