250 Greenwood Avenue
London South, N6J 3G4·MLS® X13418966·
Listing courtesy of Royal Lepage Triland Realty·Updated 3 days ago
Listing price
$899,900
Est. $4,286/mo
Days on market
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
82% confidence · 8 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
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
Sold comparables nearby
Sold$1,000,000
136 Elmwood Avenue, London South
Sold$1,335,000
64 Duchess Avenue, London
See all 6 comparables
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Market conditions · South D
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
Affordability
Minimum household income required
$213,671
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$927,797
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