$1,799,000
19.31 BTC
Photos
Map
231 Greenwood Avenue, London
$1,799,000
PRICE
14
BEDROOMS
6
BATHROOMS
X12971596
MLSID

231 Greenwood Avenue, London

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.
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Summary

Address
231 Greenwood Avenue
City
Community
MLSID
X12971596
Property Type
Multiplex
Property Category
Bedrooms
14
Bathrooms
6
Kitchens
6
Taxes (Annual)
$6,136.00
Tax Year
2025
Published
April 8, 2026
Days on Market
46 Days
Possession Type
Flexible
Possession Details
Flexible
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Details

Basement
Finished
Interior Features
None
Parking Spaces
6
Parking Total
6
Parking Features
Lane, Unreserved
Architectural Style
1 Storey/Apt
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
66 Feet
Lot Depth
198 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Heat Pump
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London2166 Tripp Drive, London
$1,449,900
15.56 BTC
2166 Tripp Drive, London
5 + 3
BEDS
6
BATHS
$1,449,900
PRICE
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3501 Isleworth Road, London3501 Isleworth Road, London3501 Isleworth Road, London3501 Isleworth Road, London3501 Isleworth Road, London3501 Isleworth Road, London3501 Isleworth Road, London
$1,449,900
15.56 BTC
3501 Isleworth Road, London
5
BEDS
5
BATHS
$1,449,900
PRICE
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858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London858 William Street, London
$1,399,900
15.03 BTC
858 William Street, London
5 + 3
BEDS
8
BATHS
$1,399,900
PRICE
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2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London2505 Kains Road, London
$1,325,000
14.22 BTC
2505 Kains Road, London
5
BEDS
4
BATHS
$1,325,000
PRICE
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271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London271 Baseline Road, London
$1,299,900
13.95 BTC
271 Baseline Road, London
5
BEDS
4
BATHS
$1,299,900
PRICE
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3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London3857 Petalpath Way, London
$1,299,900
13.95 BTC
3857 Petalpath Way, London
5 + 2
BEDS
6
BATHS
$1,299,900
PRICE
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307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London307 Ridout Street, London
$1,200,000
12.88 BTC
307 Ridout Street, London
5 + 1
BEDS
3
BATHS
$1,200,000
PRICE
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13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London13 Charles Street, London
$1,149,900
12.34 BTC
13 Charles Street, London
5
BEDS
7
BATHS
$1,149,900
PRICE
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3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London3386 Settlement Trail, London
$1,145,000
12.29 BTC
3386 Settlement Trail, London
5 + 1
BEDS
4
BATHS
$1,145,000
PRICE
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27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London27 Cherokee Road, London
$1,075,000
11.54 BTC
27 Cherokee Road, London
5 + 1
BEDS
4
BATHS
$1,075,000
PRICE
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61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London61 Applewood Crescent, London
$1,050,000
11.27 BTC
61 Applewood Crescent, London
5
BEDS
4
BATHS
$1,050,000
PRICE
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1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London1051 Richmond Street, London
$1,050,000
11.27 BTC
1051 Richmond Street, London
5 + 2
BEDS
4
BATHS
$1,050,000
PRICE
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1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London1500 Healy Lane, London
$1,048,000
11.25 BTC
1500 Healy Lane, London
5
BEDS
3
BATHS
$1,048,000
PRICE
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