193 Wharncliffe Road, London North, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of North N. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 5 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 44 x 66 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
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
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Property Summary
This multiplex located at 193 Wharncliffe Road, London North is currently for sale and has been available on SousaSells for 13 days. This property is listed at $899,000 with an estimated mortgage of $2,992* per month. It has 10 beds, 5 bathrooms, and is 2000-2500 square feet. 193 Wharncliffe Road, London North is in the North N neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 10 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in North N, London North.
- •10 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in North N, London North.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Library
- Park
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
- School
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 193 Wharncliffe Road, London North, ON
Q.What is the asking price for 193 Wharncliffe Road, London North, ON ?
The current listing price for 193 Wharncliffe Road, London North, ON in North N, London North is $899,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 10 bedrooms and 5 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 193 Wharncliffe Road, London North, ON ?
193 Wharncliffe Road, London North, ON is a Multiplex (2 1/2 Storey) featuring a Apartment basement.
Q.What key property features does 193 Wharncliffe Road, London North, ON offer?
Key property features include: Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 193 Wharncliffe Road N, London North, ON N6H 2B1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in London North, ON
For a property listed at $899,000 in London North, the legal minimum down payment is $64,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,455 for this transaction. As this listing is in London North (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.