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
Multiplex homes in London North (North N) — recent sold market
Multiplex homes in London North (North N) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 78, across 123 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.
The median sale price was $599,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 40
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.2%
- Sold above asking
- 13%
Based on 123 recorded sales in the last 1 year. 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
$769,900
Multiplex11+363,500–5,000 sqft235 HAMILTON ROAD, East L, London East
$939,500
Multiplex1063,000–3,500 sqft188 HENRY STREET, Trenton Ward, Quinte West
$1,198,000
Multiplex8+153,500–5,000 sqft120 HIBERNIA STREET, Stratford, Stratford
$749,999
Multiplex1163,500–5,000 sqft106 LORNE AVENUE, Chatham, Chatham-Kent
$949,900
Multiplex1243,500–5,000 sqft50 FAIRVIEW AVENUE, St. Thomas, St. Thomas
$575,000
Multiplex622,000–2,500 sqft55 MAIN STREET S, Forest, Lambton Shores
$574,900
Multiplex622,000–2,500 sqft18 WILLIAM LANE, Woodstock - North, Woodstock
$650,000
Multiplex843,000–3,500 sqft119 CARROLL STREET, Ingersoll - South, Ingersoll