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$899,000
Available - For Sale
Listing ID: X13603788
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
Price $899,000
Taxes: $5,901
Occupancy by: Tenant
Address: 193 Wharncliffe Road North , London North, N6H 2B1, Middlesex
Directions/Cross Streets: Wharncliffe Road North and Blackfriars Street
Rooms: 13
Rooms +: 4
Bedrooms: 8
Bedrooms +: 2
Washrooms: 5
Family Room: T
Basement: Apartment
No. of Pieces Level
Washroom 1:  4 Basement
Washroom 2:  3 Ground
Washroom 3:  4 Ground
Washroom 4:  4 Second
Washroom 5:  4 Third
Washroom 6:  4 Basement
Washroom 7:  3 Ground
Washroom 8:  4 Ground
Washroom 9:  4 Second
Washroom 10:  4 Third
Property Type: Multiplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2000-2500
Property Features: Library
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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ROYAL LEPAGE TRILAND REALTY

193 Wharncliffe Road North , London North, N6H 2B1, Middlesex

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Multiplex
Area: Middlesex
Municipality: London North
Neighbourhood: North N
Style: 2 1/2 Storey
Lot Size: x 66.00(Feet)
Approximate Age: 100+
Tax: $5,901
Maintenance Fee: $0
Beds: 8+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949