CAONLondon231 Greenwood Ave
Image | Image 1
Link Copied

231 Greenwood Ave, London, ON

Real Estate

For Sale

$--,---,---
to see price

006

MLS® X12467479

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage No
Taxes $6,136
Days Active 89
Lot Size 
Approx. Age 
MLS® Number X12467479

Property Address: 231 Greenwood Ave, London, ON, N6J3G5

Average square foot calculated using Size range provided by listing agent.

Description

Purpose built four plex with 2 bedrooms in each unit with with strong valued opportunity with City of London approval to covert into an 8 plex 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 bathroom 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 $146, 119.03 at 6.5 cap bring 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."Show Description
MLS® NumberX12467479
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFinished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
231 Greenwood Ave, London, ON

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany Careers
eXp LifeZoocasaSuccessQuebec ListingsAccessibility
Terms and ConditionsPrivacy PolicyCookie PolicyModalitésPolitique de confidentialitéSitemap

800 - 1070 Douglas Street, Victoria, BC, V8W2C4

833-303-0610

[email protected]

eXp REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. eXp Realty holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved