231 Greenwood Ave is an 8-bedroom, 6-bathroom multiplex in London, listed for $1,799,000. It has 2500-3000 sq ft of living space.
1The conversion splits the finished basements of the two 2+1 bedroom units into two self-contained units, with the lower levels already roughed in for a bedroom and kitchen.
2Solid brick, built in 1961, on a 66 x 198 ft lot with almost 3,000 sq ft above grade, central air, and parking for six.
3The permit was the slow, expensive part of adding units, and it is already done.
Six units today, eight tomorrow - the building permit is issued, City of London zoning approvals are in place, ready for a renovation team to start. The conversion splits the finished basements of the two 2+1 bedroom units into two self-contained units, with the lower levels already roughed in for a bedroom and kitchen. All six existing units are fully renovated and gross $132,000 a year: two 2-bedroom uppers at $1,800, two 2-bedroom lowers at $1,600 and two 2+1 bedroom units at $2,100, each including a $100 water charge, with tenants paying their own utilities. Landlord expenses of about $17,080 leave a net operating income of $114,920, a 6.4% cap rate at the asking price. Built out to eight 2-bedroom units at $1,700 each, scheduled income rises to $163,200 a year and projected NOI to roughly $146,100. Solid brick, built in 1961, on a 66 x 198 ft lot with almost 3,000 sq ft above grade, central air, and parking for six. The permit was the slow, expensive part of adding units, and it is already done. A buyer steps into a fully tenanted, renovated building with income from day one and a clear path to two more doors.
8 bedrooms, 6 bathrooms, about 2,500 sq ft, works out to roughly $720 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 231 Greenwood Ave
Every detail from the listing, in one place.
Type
Multiplex
Style
1 Storey/Apt
Living space
2500-3000 sq ftas stated on the listing
Parking
8 spaces
Basement
Partially Finished
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Multiplex
231 Greenwood Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14156364$1,799,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 231 Greenwood Ave Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$8,838
/mo
based on the purchase price of $1,799,000
$359,800 cash
$1,439,200 financed
$1,212,184 total interest
Principal54%$1,439,200
Interest46%$1,212,184
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
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Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 8–22 bed homes for sale in London around $1.8M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,343Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with May 10 – Aug 8, 2026: prices down.
Based on 1,700 sales from Aug 8 – Nov 6, 2026 (1,520 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 231 Greenwood Ave
How much is 231 Greenwood Ave listed for?
231 Greenwood Ave is listed at $1,799,000 (MLS® X14156364). Summitly updates the price as soon as the MLS® record changes.
Is $1,799,000 a good price for 231 Greenwood Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 231 Greenwood Ave changed?
No — 231 Greenwood Ave is still listed at its original asking price of $1,799,000.
How many bedrooms and bathrooms does 231 Greenwood Ave have?
231 Greenwood Ave has 8 bedrooms and 6 bathrooms, with about 2,500–3,000 square feet of living space. It is a multiplex in London.
How much would the monthly mortgage be on 231 Greenwood Ave?
About $8,838 a month — principal and interest on $1,799,000 with 20% down ($359,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 231 Greenwood Ave compare with other homes in London?
Its asking price of $1,799,000 is about 221% above the median sold price in London over the last 90 days, $560,000, across 1,700 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 231 Greenwood Ave been sold before?
Summitly has no earlier MLS® sale or lease of 231 Greenwood Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 231 Greenwood Ave?
231 Greenwood Ave is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 231 Greenwood Ave been on the market?
231 Greenwood Ave was listed today (November 6, 2026).
What is the price per square foot of 231 Greenwood Ave?
About $600 to $720 per square foot: the asking price of $1,799,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 231 Greenwood Ave have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 231 Greenwood Ave have a basement, and is it finished?
The listing describes the basement as: Partially Finished.
