193 Wharncliffe Rd N - Apartments FOR SALE


London, ON N6H 2B5
$695,000 CAD
519-649-6000

NO PHOTO

$695,000 CAD
Apartments - FOR SALE
null | 13.44% Cap Rate

193 Wharncliffe Rd N
London, ON N6H 2B5


HIGHLIGHTS

  • Prime investment opportunity located within walking distance to Western University, Downtown London, and major bus transit routes.
  • Fully tenanted 2½-storey brick building featuring four units: one spacious 5-bedroom unit over two floors, two 2-bedroom units, and one bachelor unit.
  • Recent capital improvement with new asphalt shingle roofing completed in December 2024.
  • On-site parking, coin-operated laundry, and three hydro meters enhance convenience and operational efficiency.
  • Strong income potential with estimated gross annual income of $93,400 at full occupancy; utilities included in rents.

OVERVIEW

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 features 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 Bachelor Unit vacant. 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.

FOR SALE DETAILS

PRICE

$695,000 CAD

PRICE/SF

$278 CAD /SF

# OF UNITS

4

PRICE/UNIT

$173,750

CAP RATE

13.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1995

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,481 SF

ZONING

R2 - 2(19)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eavan TraversRE/MAX Advantage Realty LTD BrokerageMore Info
519-649-6000

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Eavan TraversRE/MAX Advantage Realty LTD BrokerageMore Info
519-649-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.