193 Wharncliffe Road N, London North, ON N6H 2B1
London North, ON N6H 2B1
About this property
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 facts & features
- Days on market
- Not reported
- Property type
- Multiplex
- MLS® number
- X13603788
- Source status
- New
- Bedrooms
- 10
- Bathrooms
- 5
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- N6H 2B1
- Parking spaces
- 4
- Garage
- None
- Lot depth (source units)
- 66
- Annual property tax
- 5901
- Basement
- Apartment
- Laundry
- Not provided
- Interior features
- None
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 100 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $899,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in London North →Listing brokerage: ROYAL LEPAGE TRILAND REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13603788. Information deemed reliable but not guaranteed.