193 Wharncliffe Road, London North, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of North N. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $675,000 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
NEW PRICE!! POWER OF SALE -Opportunity for savvy Investor to acquire a turn-key investment, within walking distance to Western University, Downtown and Bus Transit routes. 2 1/2 - storey brick building located at northeast intersection of Wharncliffe Road North and Black Friars. New asphalt shingle roofing December 2024. Property operating as 4 units including -: one 5-bedroom unit over two floors, Bachelor unit & 2 two-bedroom units. Owned-forced air Gas Furnace, Coin-op laundry and two hot water tanks. On-site car Parking. Gross Income with full occupancy potential estimated at $93,400. Currently some vacancies. Utilities are included in Rents. 3 Hydro Meters on site. Area is recognized as the heritage conservation District known as Blackfriars/Petersville. All expense information provided by owner, to be reconfirmed by buyer. Property is being sold where is as is.
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Pricing & Value Insights
Data-driven valuation for 193 Wharncliffe Road N, London North, ON N6H 2B5
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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 $675,000 in London North, the legal minimum down payment is $42,500 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 $9,975 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 $9,975.
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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.