Greenwood Ave
South D, London South
$1,579,000
Buy with Dwelly and Save $15,790
Home Details
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Listing Description
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. Two units are currently leased at $1,800 per month plus utilities, with two vacant units providing immediate opportunity to stabilize or reposition rents. 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.
City: London South
Neighborhood: South D
Property History
Rooms
Room dimensions for Greenwood Ave, London South
Market Trends and Insights
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| Purchase Price | $1579000 |
| Down Payment | $315800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1263200 |
Monthly Payment
| Mortgage Payment | $7784 |
| Property Taxes | $525 |
| Maintenance Fees | $0 |
| Monthly Payment | $8309 |
About Greenwood Ave, London South
Located at 246 Greenwood Ave , this London South house is available for sale. This property was listed for $1,579,000 on Fri Jan 16 2026. This house's size is 2500-3000 Sqft. It has 8 bedrooms and 4 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 8 parking spots. 246 Greenwood Ave, London South is situated in the South D neighbourhood.
MLS#: X12703186 · $1,579,000 · 8 bedroom house in South D, London South