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CA > Ontario > London South > South D > 231 Greenwood Avenue

231 Greenwood Avenue, London South, ON

London South, South D Hood
Springbank Dr.
14 Br | 6 Bath | 2500-3000 Sqft
$1,799,000 For Sale

Property Overview

  • Multiplex — 1 Storey/Apt
  • SqFt: | 2500-3000 Sqft
  • Lot Size: 66.00 x 198.00 Feet
  • Age: n/a
  • Basement: Finished
  • Exterior: Brick
  • Taxes: 6,136 / 2025
  • Zoning: n/a
  • MLS #: X12971596
  • Sewer: Sewer
  • Heat Source: Gas , Heat Pump

Property Description

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.

Property Details

  • For: For Sale
  • Type: Multiplex
  • Style: 1 Storey/Apt
  • Lot: 66.00 x 198.00 Feet
  • Region: Middlesex
  • Hood: South D
  • Zoning: n/a
  • Lot Irreg: Fronting on: West
  • Fronting On: West

Building Details

  • Age: n/a
  • Exterior: Brick
  • Heat: Gas , Heat Pump
  • A/C: Central Air
  • Interior Features: None
  • Pool: None
  • Sewer: Sewer
  • Garage: None
  • Total Parking: 6.00
  • Driveway: Lane, Unreserved

Property Interior

  • Sqft: 2500-3000 Sqft
  • Bed: 14
  • Bath: 6
  • Kitchen: 6
  • Family Room: No
  • Basement: Finished
Property Listed by: PRIME REAL ESTATE BROKERAGE
Virtual Tour: n/a

Home Valuation Estimate

What is 231 Greenwood Avenue, London South, ON worth in today’s South D, London South market?

This HomeZira valuation preview helps buyers and sellers think through the asking price for this 14-bedroom Multiplex with 2500-3000 sq. ft. in South D, London South. The full estimate reviews the property’s location, home type, bedroom count, size range, age, and nearby comparable market activity after sign-in.

Property-specific estimate See a valuation range built around this listing’s local profile.
Comparable market context Review how similar nearby homes help frame value.
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Location

  • Address: 231 Greenwood Avenue
  • Neighborhood: South D
  • Zip/Postal Code: N6J 3G5
  • Nearby Amenities:
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Kazi Hossain

Kazi Hossain

Kazi — Serving the Community for 19 Years!
REALTOR®

Similar Properties In South D, London South

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250 Greenwood Avenue, London South, ON
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  • 8 Beds
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  • 2500-3000 SqFt.

About 231 Greenwood Avenue, London South, ON N6J 3G5, London South

Located at 231 Greenwood Avenue, London South, ON in London South (South D neighbourhood), near Springbank Dr.. This freehold home offers Multiplex, ["1 Storey\/Apt"], 14 bedrooms, 6 bathrooms and 2500-3000 sq.ft. (approx.) in a layout suited to everyday family living. Basement: Finished • 6 parking spots • Garage: None • Heating: Gas Heat Pump • Cooling: Central Air. Property taxes are approximately $6,136 for 2025. 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.

FAQs for 231 Greenwood Avenue, London South, ON , South D , London South

What are the listing details for 231 Greenwood Avenue, London South, ON?
231 Greenwood Avenue, London South, ON is a Multiplex for sale in London South, in the South D neighbourhood, Middlesex. The current list price is $1,799,000. MLS number: X12971596.
How many bedrooms and bathrooms does this home have?
231 Greenwood Avenue, London South, ON is listed as a Multiplex with a ["1 Storey\/Apt"] style, featuring 14 bedroom(s) and 6 bathroom(s). The listed interior size range is 2500-3000 sq. ft..
What lot, basement, garage, or parking details are listed?
The lot size is listed as approximately 66.00 x 198.00 Feet. The basement is listed as: Finished. Garage type: None. Total parking: 6 space(s).
What heating, cooling, and exterior details are shown?
Heating is listed as: Gas, Heat Pump. Cooling is listed as: Central Air. Exterior/construction materials are listed as: Brick.
Where is this property located?
231 Greenwood Avenue, London South, ON is located in the South D neighbourhood of London South. The listed cross street is Springbank Dr..
What information is available on this public listing page?
The public listing page shows current active listing information, property photos, room details when available, map location, listed price, property features, and contact options. Annual taxes are listed as $6,136 / 2025. Valuation tools and similar sold-property previews are available after sign-in where applicable, without displaying sold data in this public FAQ.

FAQ content is based on current active listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.