193 WHARNCLIFFE ROAD N, London North (North N)
$899,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 10 bedrooms, 5 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X13603788
- Neighbourhood
- North 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
Sold data
Homes in North N — recent sold market
Homes in North N took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 57, across 80 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $519,900.
Homes sold for about 3.1% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $519,900
- Sale-to-list ratio
- 96.9%
- Sold above asking
- 13%
Based on 80 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London North (North N)
London North (North N) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London North (North N)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 193 WHARNCLIFFE ROAD N
$949,900
Multiplex5+152,000–2,500 sqft2946 TOKALA TRAIL, North S, London North
$799,000
Apartment222,000–2,249 sqft3 - 90 CENTRAL AVENUE, East F, London East
$1,199,900
Detached222,000–2,500 sqft325 MANHATTAN DRIVE, South K, London South
$799,900
Apartment221,800–1,999 sqft209 - 260 VILLAGEWALK BOULEVARD, North R, London North
$849,000
Detached332,000–2,500 sqft187 FOXBOROUGH PLACE, Thorndale, Thames Centre
$949,900
Detached5+152,000–2,500 sqft2946 TOKALA TRAIL, North S, London North
$979,900
Detached331,500–2,000 sqft203 FOXBOROUGH PLACE, Thorndale, Thames Centre
$899,900
Apartment221,600–1,799 sqft205 - 240 VILLAGEWALK BOULEVARD, North R, London North