$899,000
Available - For Sale
Listing ID: X13603788
193 Wharncliffe Road North , London North, N6H 2B1, Middlesex
| 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: | $5901.00 |
| Occupancy: | 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 |
| Family Room: | T |
| Basement: | Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Basement |
| Washroom Type 2 | 3 | Ground |
| Washroom Type 3 | 4 | Ground |
| Washroom Type 4 | 4 | Second |
| Washroom Type 5 | 4 | Third |
| Washroom Type 6 | 4 | Basement |
| Washroom Type 7 | 3 | Ground |
| Washroom Type 8 | 4 | Ground |
| Washroom Type 9 | 4 | Second |
| Washroom Type 10 | 4 | Third |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| 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 |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Middlesex |
| Municipality: | London North |
| Neighbourhood: | North N |
| Style: | 2 1/2 Storey |
| Approximate Age: | 100+ |
| Tax: | $5,901 |
| Beds: | 8+2 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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