195 Wharncliffe Rd N - Apartments FOR SALE


London, ON N6H 2B5
$895,000 CAD
519-649-6000

NO PHOTO

$895,000 CAD
Apartments - FOR SALE
null | 9.3% Cap Rate

195 Wharncliffe Rd N
London, ON N6H 2B5


HIGHLIGHTS

  • Lots of Natural Light
  • Access to public transit and highway
  • High exposure area

OVERVIEW

Opportunity knocks for savvy Investor to acquire a turn-key investment, within walking distance to Western University, Downtown and Bus Transit routes. Fully rented 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 approximately $83,220.00. Utilities are included in Rents. 3 Hydro Meters on site. Power of Sale.

FOR SALE DETAILS

PRICE

$895,000 CAD

PRICE/SF

$358 CAD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

9.3%

% 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 Policy.