Property Details

212 FURNIVAL Road, Rodney, Ontario, N0L2C0

212 FURNIVAL Road, Rodney, Ontario, N0L2C0 (ID 40190822)
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800

$899,000 - For sale

ID#:40190822

This is an amazing investment opportunity yielding a cap rate of 6.6% based on the listing price. Net operating income of 59,071.00. Built around 1885, this historic landmark building in Rodney became a funeral home in 1930 and is owned by Denning Funeral Directors Ltd. Also included in the sale is the vacant lot at 165 Victoria Street. The current owners are offering to lease back the funeral home space for a five year term commencing at $4.000.00 per month on a net basis including a 3% annual escalation in the base rent. The main level consisting of approximately 5,500 square feet including the rear addition built in 1992 on a concrete pad has been impeccably maintained through through. The second level is a two bedroom apartment rented at $1,400.00. The sale also includes a vacant lot on the north side of Victoria Street, municipally known as 212 Furnival Road Alley that is used for parking. Copy of current rent roll, main floor building plan and zoning information available to interested parties. For historical information on this building, visit the link: https://westelginfuneralhome.com/939/Rodney-History.html (id:2471)

Location DescriptionLocated on the southwest corner of Furnival Road and Victoria Street.

Property Details
  • Property Address:212 FURNIVAL Road, Rodney, Ontario, N0L2C0
  • Property Type:Other
  • Title:Freehold
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access, Highway Nearby
Structure Details for 212 FURNIVAL Road, Rodney, Ontario, N0L2C0
  • Building Age:1885
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Flooring:Carpeted
  • Basement Type:Partial (Unfinished)
  • Foundation Type:Poured Concrete
  • Cooling Type:Central air conditioning
  • Exterior Type:Brick, Concrete, Steel
Amenities for 212 FURNIVAL Road, Rodney, Ontario, N0L2C0 Corner Site, Paved driveway, Crushed stone driveway
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800
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Listing Office: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

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212 FURNIVAL Road, Rodney, Ontario, N0L2C0

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