193 WHARNCLIFFE ROAD N
London North (North N), Ontario
MLS® X13603788
$899,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13603788
- Bedrooms
- 10
- Bathrooms
- 5
- Year built
- —
1 / 48Listing description
Over 7. 5% Cap Rate!!! Located in the sought-after Blackfriars/Petersville Heritage District, 193 Wharncliffe Road N offers a solid investment opportunity in one of London's most convenient and consistently in-demand rental locations.
Just minutes from Western University, downtown, parks, schools, and major transit routes, the property benefits from strong tenant appeal year after year. The building consists of five fully rented units, including one 3-bedroom apartment, one bachelor suite, and three 2-bedroom apartments, providing a well-balanced rental mix and reliable income. On-site amenities include parking for five vehicles, coin-operated laundry, an owned forced-air gas furnace, two hot water tanks, and three hydro meters.
A new asphalt shingle roof was installed in December 2024, adding further value and reducing future maintenance costs. With utilities included in the rent and an estimated cap rate of over 7. 5%, this is an attractive opportunity for investors looking for steady cash flow today while benefiting from the long-term appreciation of a well-located income property.
Whether you're adding to an existing portfolio or purchasing your first multi-family investment, this is the type of property that's becoming increasingly difficult to find-fully tenanted, well maintained, and positioned in a high-demand rental market with excellent long-term potential
Property summary
- MLS® number
- X13603788
- Property type
- Multi-family
- Building type
- Other
- Land size
- 44 x 66 FT
- Annual property taxes
- $5,901.00
- Parking
- 4 spaces · No Garage
- Days on market
- 33 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Apartment in basement, N/A
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Brick
- Lot features
- Irregular lot size
- Community features
- Community Centre
What would this home cost you?
Based on the $899,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TRILAND REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.