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250 Greenwood Avenue

London South, N6J 3G4·MLS® X13418966·

Listing courtesy of Royal Lepage Triland Realty·Updated 3 days ago

For sale
1 / 45
8Beds
4Baths
2,500-3,000Sqft
51-99Year Built

Listing price

$899,900

Est. $4,286/mo

Days on market

5

Listed Jun 9, 2026

Description

Rare opportunity to own a purpose-built fourplex in one of London's most desirable pockets - this well-maintained investment property features four spacious two-bedroom units, each with their own full basement, offering tenants the kind of space and privacy they desire. Three units currently occupied by quality, long-term tenants providing immediate, stable income, with one vacant unit ready for you to set at market rent from day one. Inside, you'll find hardwood floors, eat-in kitchens, and bright generous layouts throughout, with two units boasting additional finished space in the lower level. Each unit has its own gas and hydro meter, keeping operating costs clean and simple. Four parking spaces, some newer windows, updated furnaces, and a 2015 roof round out the mechanical picture. Step into the backyard and you'll understand what make this location special - a private, serene setting overlooking The Cove, the kind of outdoor amenity that attracts and retains great tenants year after year. With a neighbourhood well-served by public transit and green space, and one vacant unit ready to set at market rent from day one, this is a turnkey asset with genuine upside potential.

Property details

Basement

Partially Finished

Parking

4 spaces

Type

Multiplex — Bungalow

Heating

Forced Air

AI property estimate

$927,797Above Market
$873,803$981,791

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$4,286
Property tax$975
Insurance (est.)$187
Utilities (est.)$250
Total monthly$5,698

Land transfer tax

Ontario LTT

$14,473

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jun 9, 2026Listed
$899,900

Sold comparables nearby

136 Elmwood Avenue, London SouthSold

$1,000,000

136 Elmwood Avenue, London South

7 bd·10 ba·3,000-3,500 sqft
64 Duchess Avenue, LondonSold

$1,335,000

64 Duchess Avenue, London

7 bd·5 ba·3,000-3,500 sqft

See all 6 comparables

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Market conditions · South D

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$3,600

Rental yield

4.8%

Est. cash flow

-$2,098

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$213,671

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$927,797

Above Market

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