Salehian.com 647-325-5000

193 Wharncliffe Road N

North N, London North, N6H 2B1

$899,000

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  • 8+2 bedrooms
  • 5 bathrooms
  • 4 parking
  • 2000-2500 sq ft

Listed 88 days ago · MLS® X13603788

About this home

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

Details

Type
Multiplex
Style
2 1/2 Storey
Age
100+ years
Size
2000-2500 sq ft
Lot
44 × 66 ft
Basement
Apartment
Garage
None
Kitchens
4
Property tax
$5,901 (2025)
Neighbourhood
North N
Municipality
London North

Interior

Bedrooms
8 above ground + 2 below
Bathrooms
1 × 4-piece (basement), 1 × 3-piece (ground), 1 × 4-piece (ground), 1 × 4-piece (second), 1 × 4-piece (third)
Kitchens
4 (1 below ground)
Rooms
13 above ground + 4 below
Family room or den
Yes
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2 1/2 Storey
Exterior
Brick
Roof
Asphalt Shingle
Age
100+
Faces
East

Parking

Total parking
4
Driveway and parking
Private

Lot

Size
44 × 66 ft (irregular)

More

Possession
FLEXIBLE
Nearby
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Cross street
Wharncliffe Road North and Blackfriars Street

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 19 cafés and restaurants, 11 parks, 2 pharmacies. Nearest park: Empress Avenue Park (400 m).

Schools nearby

Elementary

  • Jeanne-Sauvé Public School
    EQAO: Gr 6 reading 97%, math 58%    2 min walk
  • Eagle Heights Public School
    EQAO: Gr 6 reading 90%, math 50%    15 min walk
  • University Heights Public School
    EQAO: Gr 6 reading 79%, math 74%    1.5 km
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    1.6 km

Secondary

  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    1.5 km
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    2.0 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6H

Owners / renters
46% / 54%
Median household income
$71,000
Average age
42
Children under 15
15%
Homes
40% detached, 44% high-rise
Commute by transit
8%
Population
44,215

Languages spoken most at home besides English: Arabic 3.8%, Mandarin 3.1%, Spanish 2.8%, Korean 1.1%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE TRILAND REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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