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
Address
193 Wharncliffe Road N
List Price
$899,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
London North
Sub-Area
North N
Region
Middlesex
Bedrooms
8 + 2
Bedrooms (Total)
10
Rooms Above Grade
13
Rooms Below Grade
4
Bathrooms
5
Floor Area
2000-2500 Sq. Ft.
Lot Depth
66
Lot Shape
Irregular
Lot Size Units
Feet
Lot Width
44
Parcel Number
082530119
Occupant Type
Tenant
Cross Street
Wharncliffe Road North and Blackfriars Street
Approx. Age
100+ Years
MLS® Number
X13603788
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
Apartment
Postal Code
N6H 2B1
Posession Details
FLEXIBLE
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,901.00
Tax Year
2025
Site Influences
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Interior Features
None
Property Features
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Heritage
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Other
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
3
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 20 PLAN 58(W) AS IN 764932; S/T & T/W 764932 LONDON
Waterfront
No
Sewer
Sewer