For Sale
1 / 38
$1,448,850
75 days ago
7132 SILVER CREEK Circle
London South
4 bd 5 ba 2 parking
1 / 38
38 photos
231 Greenwood Avenue
South D, London South, ON
Listed 80 days ago
$1,799,000For Sale
$1,002,952Estimated value
231 Greenwood Avenue
London South, ON · South D
Listed 80 days ago
Bedrooms14
Bathrooms6
Size2500-3000 sqft
Parking6
Lot Size66 ft × 198 ft
Property TypeMultiplex
$1,799,000
For SaleMLS# X12971596
$1,002,952Estimated value
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About this home
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…
Features & Details
- Property Type
- Multiplex
- Tax
- $6,136 / 2025
- Size
- 2500-3000 sqft
- Lot Size
- 66 x 198 Feet
- Basement Info
- Finished
- Total Parking Spaces
- 6
- Title
- Residential Freehold
- Property Style
- 1 Storey/Apt
- Community
- South D
- Municipality
- London South
- Construction
- Brick
- Cross Street
- Springbank Dr.
- Front Door Facing
- West
- Lot Legal Description
- Lt18, Blk R, Pl376; London/Westminister
- Data Source
- London and St. Thomas Association of REALTORS
- Brokerage
- PRIME REAL ESTATE BROKERAGE
- Listed On
- Apr 08, 2026
- Listing Expires On
- Sep 30, 2026
- Listing Updated On
- Apr 13, 2026
- Bedrooms
- 14
- Bathrooms
- 6
- Kitchens
- 6
- Rooms
- 30
- Driveway
- Lane, Unreserved
- Garage Type
- None
- Parking
- 6
- Heating
- Heat Pump
- Heat Source
- Gas
- Cooling
- Central Air
- Sewer
- Sewer
- Swimming Pool
- None
- Roof Material
- Asphalt Shingle
- Foundation Type
- Poured Concrete
- Interior Features
- None
Listing History
Active44 days on marketCurrently viewingMLS #X13122530
May 13, 20261 month ago
Listed for Sale
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Listed for Sale79 days on marketMLS #X12971596
Apr 8, 20262 months ago
Listed for Sale
Sign in to view
Estimate History
Estimated value, last 24 months
Jul 2024 – Jun 2026
$1.11M
$1.05M
$0.99M
$0.93M
Jul
Dec
May
Oct
Mar
Jun
Automated estimate from Polsinello Predictive AI. Not an appraisal. Actual market value may differ.
Mortgage calculator
Estimated monthly payment
$8,776
Estimated payment. Does not include property tax, insurance, or condo fees.
Location & nearby
South D Real Estate Market
London South · last 90 days
$550,000
Median sold price
39 days
Avg days on market
15
Homes sold (90 days)
20%
Sold above asking
73%
Sold below asking
$353–$533/ft²
Price per sq ft
Median price trend
Jul 2025 – Jun 2026
$621K
$562K
$502K
$443K
Jul
Oct
Jan
Apr
Jun
