Property Details

212 FURNIVAL Road, Rodney, Ontario

212 FURNIVAL Road, Rodney, Ontario (ID 40190822)

$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

Property Details
  • Property Address:212 FURNIVAL Road, Rodney, Ontario
  • Property Type:Commercial
  • Lot Size:57.80 x 124.00 57.80 ft Frontage
  • Sewage Type:Sewer
  • Water Type:Municipal
  • Driveway:12
Structure Details for 212 FURNIVAL Road, Rodney, Ontario
  • Structure Type:Commercial Retail
  • Heating Type:Forced Air, Gas
  • Flooring:Carpet
  • Exterior Type:Brick, Concrete Poured, Steel
  • Utilities:Yes
Amenities for 212 FURNIVAL Road, Rodney, Ontario Alarm System, Corner Site, Florescent Lights, Major Highway, Parking, Public Washrooms, Separate Hydro Meters, Ventilation System
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212 FURNIVAL Road, Rodney, Ontario

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