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105 Wharncliffe Road N London, Ontario N6H 2A8

17 Bedroom 11 Bathroom 7500
None Forced Air

$2,499,000

Rare Investment Opportunity in a Prime Location! Welcome to 105 Wharncliffe Rd, an excellent student rental located close to downtown, on main bus routes to UWO and close to great student amenities with parking for tenants. This turn-key property generates $138,000.00 in actual Rental Income per year with a Net Income of $124,723.88! The entire complex was extensively renovated in 2020 with the highlights including: New Roof, New Soffit and Facia, New Vinyl Siding, New Windows, New Decks, New Asphalt in entire complex. Inside the Units have all been completely renovated with Modern Kitchens, Hard Surface Counter Tops, Tiled floors, Updated Bathrooms with Tiled Showers and Glass Doors. Unit 1 Upper: Large 2 storey unit with 4 bedrooms, 2 updated bathrooms, in-unit laundry, tile floors, separate side entrance and a great kitchen with over-sized island and 2 refrigerators. Leased until April 30, 2022 for $2,700.00/mnth utilities included. Unit 1 Lower: Great sized 1 bedroom, 1 bathroom unit with modern kitchen and in unit laundry. Leased until April 30, 2022 for $1,000.00/mnth utilities included. Unit 2,3,4,5: These units are all virtually identical 2 storey, 3 bedrooms, 2 bathrooms with in unit laundry. All these units have 2 bedrooms on second level and one bedroom in lower level. Units 2-5 are leased until April 30, 2022 for $1,950/mnth + Hydro. This property is a truly great investment opportunity. (id:42140)

105 Wharncliffe Road N, London, Ontario – MLS ID 40124699 – Contact Sales Representative Yasir Khan at 5198607626 to book your showing or to get more information.

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Property Details

MLS® Number 40124699
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Public Transit, Schools, Shopping
Equipment Type None
Features Park/reserve, Paved Driveway
Parking Space Total 10
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 11
Bedrooms Total 17
Appliances Window Coverings
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1979
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 7500
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 147 Ft
Size Frontage 63 Ft
Size Irregular 0.219
Size Total 0.219 Ac|under 1/2 Acre
Size Total Text 0.219 Ac|under 1/2 Acre
Zoning Description R2-2 (19)

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available

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https://www.realtor.ca/real-estate/23306264/105-wharncliffe-road-n-london

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