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Eric Cassidy

eric@cassidyrealestate.ca +1(519) 871-4536

Est. payment -/mo

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105 Wharncliffe RD N London North, ON N6H 2A8

12 Beds

11 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision North N

MLS Listing ID X13728044

Style 2-Storey

Bedrooms 12

Annual Tax Amount $10,639

Tax Year 2026

Property Sub-Type Multiplex

Property Description

Rare opportunity to acquire a turnkey, fully occupied residential income property currently configured and operated as six rental units comprising 17 bedrooms, minutes from Western University. Located approximately 2.4 km from campus, less than a five-minute drive and directly on a major bus route serving Western. The property generates $174,156 in current annual rental income and has maintained 100% occupancy throughout the seller's ownership. While maintaining full occupancy, total monthly rent has achieved compound annual growth of approximately 4.76% over five leasing years, demonstrating strong tenant demand. The front residence contains a spacious four-bedroom upper unit with two bathrooms and a separate one-bedroom lower unit. Four additional self-contained, two-storey, three-bedroom townhome-style units each offer two bathrooms. Every unit has private laundry, and the property provides 13 parking spaces-an exceptional parking ratio for student housing. Tenants in the four townhome-style units pay their own electricity. The current configuration may also appeal to a future owner-occupier seeking to live in one unit while rental income from the remaining five helps carry the property, subject to existing tenancies and applicable law. Extensive improvements include roofing, windows, siding, soffits, fascia, decks, asphalt, kitchens and bathrooms, with additional bathroom upgrades completed during the seller's ownership. An established leasing system and reliable maintenance support contribute to efficient, low-touch operation. A compelling opportunity offering substantial rental scale, proven income growth and stable performance in one of London's strongest student rental locations.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-2(19)

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out, Separate Entrance

Kitchen 6

Separate Den/Office 5

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter

Cooling None

Inclusions All existing refrigerators, stoves, washers, dryers, televisions and permanently installed fixtures owned by the Seller.

Exterior

Parking Features Front Yard Parking

Pool None

Roof Type Asphalt Shingle

Lot Frontage 65.0

Lot Depth 146.0

Total Parking Spaces 13

Building

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by Peakhill Realty Inc.

GET MORE INFORMATION

+1(519) 871-4536

eric@cassidyrealestate.ca

https://www.cassidyrealestate.ca

145 Wharncliffe Rd S, London, ON N6J 2K4, CAN