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Kevin Scharfenberg

tnrdhomes@gmail.com +1(250) 457-1795

$899,000

Est. payment - /mo

10 Beds

5 Baths

2,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $449

Subdivision North N

MLS® Listing ID X13603788

Bedrooms 10

Property 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 (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

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Listed by ROYAL LEPAGE TRILAND REALTY

NEARBY SCHOOLS & PROPERTIES

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Kevin Scharfenberg

+1(250) 457-1795

Personal Real Estate Corporation | License ID: 180491

Personal Real Estate Corporation License ID: 180491

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193 WHARNCLIFFE ROAD N London North (north N), ON N6H2B1

Kevin Scharfenberg

Key Details

Location

Rooms

Interior

Exterior

Building

NEARBY SCHOOLS & PROPERTIES

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193 WHARNCLIFFE ROAD N