193 Wharncliffe Road

London North, N6H 2B1·MLS® X13603788

Listing courtesy of Royal Lepage Triland Realty·Updated 1 hour ago

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 details

Sold comparables nearby

Sold

$898,000

Sign up to view sold price

34/36 Craig Street, London South

8 bd·5 ba·3,000-3,500 sqft

Sold

$815,000

Sign up to view sold price

302 central Avenue, London East

7 bd·6 ba·< 700 sqft

Similar Listings