- Bedrooms
- 8+2
- Bathrooms
- 5
- Size
- 2,000–2,500sq ft
- Per sq ft
- $400at the range’s middle
- Lot
- 44 x 66 ft
- Tax a year
- $5,9012025 tax year
- Built
- 100+
- Parking
- 4none
- Days on market
- Members
The brief
About 193 Wharncliffe Rd
193 Wharncliffe Rd is an 8+2-bedroom, 5-bathroom multiplex in North N, London North, listed for sale at an asking price of $899,000 (MLS® X13603788).
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
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,901 / 2025
- MLS® number
- X13603788
- Board
- TRREB MLS®
- Property Type
- Multiplex
- Building Age
- 100+
- Days on market
- Size
- 2000-2500 sqft
- Lot Size
- 44 x 66 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Multiplex
- Style
- 2 1/2 Storey
- Community
- North N
- Municipality
- London North
Building
- Size
- 2000-2500 sqft
- Building Age
- 100+
- Construction
- Brick
Inside
- Bedrooms
- 8+2
- Bathrooms
- 5
- Bathroom Details
- 1 × 4pc Bsmt, 1 × 3pc Ground, 1 × 4pc Ground, 1 × 4pc 2nd, 1 × 4pc 3rd
- Basement Type
- Apartment
- Kitchens
- 3
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 44 ft
- Depth
- 66 ft
- Lot Size
- 44 x 66 ft
Additional
- Foundation
- Other
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Coin-operated Washer and Dryer, 5 x Stoves and 5 x Fridges
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 193 Wharncliffe Rd, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $899,000 | N/A | For Sale | X13603788 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $179,800
- Total mortgage amount
- $719,200
- Total interest payment
- $511,400
- Total purchase cost
- $1,410,400
- Mortgage payment
- $4,102/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$4,594- Rent $0
- Shortfall $4,594
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $14,455
- Total land transfer tax
- $14,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $10,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $899,000
- $9,980
- Ontario total
- $14,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Jeanne-Sauvé Public SchoolThames Valley DSB | Public · grades JK–8 · French Immersion | 400 m | 82%Grade 6 average |
| Eagle Heights Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 75%Grade 6 average |
| St Martin Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 2.1 km | 73%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.5 km | 81%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 1.9 km | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.3 km | 56%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 4 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in North N are shown to signed-in members.