193 Wharncliffe Road N, London - North (North N) ON

About 193 Wharncliffe Road N

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:56071). Get more information on 193 Wharncliffe Road N

Property Features

Appliances:  Dryer, Stove, Washer, Refrigerator
Features:  Irregular lot size
Rental Equipment:  
Directions:  Cross Streets: Wharncliffe Road North and Blackfriars Street. ** Directions: North on Wharncliffe Road North to North East Wharncliffe Road North and Blackfriars Street.
Zoning Description:  R2-2(9)
Interior Size (Approximate):  2000 - 2500 sqft
Community Features:  Community Centre
Lot (Approximate):  44 x 66 FT 44 x 66 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age (Approximate): 100+ years
Basement:  N/A

Rooms & Sizes

(Approximate)