231 Greenwood AvenueSold
London South
$1,999,900
Buy with Dwelly and Save
Home Details
Buy with Dwelly and save
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Listing Description
Purpose built four plex now converted to a SIXPLEX with City of London approval to covert into an EIGHTPLEX. Two bedrooms in each unit with with strong valued opportunity with four 2 bedrooms on the main level and four 2 bedroom lower units. All units have been renovated from top to bottom. Presently 2 units have been converted into 2 bedroom upper and 2 bedroom lower units. The other 2 units are 2+1 bedrooms with a finished basements and lower levels roughed in for a 2nd bedroom and kitchen. Strong value-add opportunity with upside already approved. Conversion will increase NOI by over $30,000 annually and lift valuation by approximately $432,000. Present Gross annual Income $132,000. Net $115,209.03 Potential Annual Income converting to 8 x 2 bedroom units is $163,200.00 NET income of $146,119.03 at 6.5 cap bringing valuation to $2,248,000. Over $400,000 value upside potential based on developed property income. Asking price premium includes updates to all units complete, OLT and City of London zoning approvals, permit and drawings, 8x2 development approximately 75% complete."
City: London South
Mortgage Calculator
Your estimated monthly payment for 231 Greenwood Avenue is 10,370
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1,999,900 |
| Down Payment | $399,980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1,599,920 |
Monthly Payment
| Mortgage Payment | $9,859 |
| Property Taxes | $511 |
| Maintenance Fees | $0 |
| Monthly Payment | $10,370 |
About 231 Greenwood Avenue, London South
Located at 231 Greenwood Avenue , this London South house is available for sale. This property was listed for $1,999,900 on Fri Mar 06 2026. It has 0 bedrooms and 0 bathrooms. The property's amenities include Hospital, Park, Place Of Worship, Public Transit. The property includes the following rooms: . This property comes with 6 parking spots.
MLS#: undefined · $1,999,900 · 0 bedroom house in London South