ON > London
London, ON N6J 2L4,246 Wharncliffe Road S
London, ON N6J 2L4,246 Wharncliffe Road S
London, ON N6J 2L4,246 Wharncliffe Road S
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Isaac Rosebrugh

Isaac Rosebrugh

+1(519) 754-6611
Listed by Brad Mcrae • Royal LePage Burloak Real Estate Services
$985,000
Est. payment /mo
5 Beds
6 Baths
3,000 SqFt
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UPDATED:

02/12/2025 12:00 AM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $328

MLS Listing ID 40698463

Bedrooms 5

Abv Grd Liv Area 3,000

Originating Board Hamilton - Burlington

Annual Tax Amount $2,226

Property Sub-Type Multi-6-9 Unit

Property Description

This 6-unit multifamily property, located near Downtown, Wortley Village, and a major bus route, offers an excellent investment opportunity with significant value-add potential. With 2 of the 6 units left vacant on purpose, the new owner can set new rents and maximize returns. The building includes a mix of unit types: 1-2 bedroom, 3-1 bedroom, and 2 bachelor units. Recent renovations include a stucco exterior (2021), roof with spray foam silicone system (2021), and full insulation of exterior walls and ceilings (2021). All windows and doors were replaced in 2021, reducing future maintenance costs. Most units have been updated with new bathrooms. The property features 2 upgraded 200-amp electrical panels, a high-efficiency forced air gas furnace, and low utility costs. A workshop/storage building at the rear provides additional income potential. Zoned AC2 (1), this property is well-positioned for future growth and rental demand. Projected cash flow of $75,600 per year, with the opportunity to increase returns by filling vacant units at market rates. A solid investment for those seeking to add a high-potential multifamily asset to their portfolio. (39879369)

Location

Province ON

County Middlesex

Area South

Zoning AC2(1)

Direction SOUTH OF HORTON ST ON WHARNCLIFFE RD S, ON EAST SIDE.

Rooms

Other Rooms Storage

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Forced Air

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features Other

Fence Fence - Partial

Roof Type Flat

Handicap Access None

Lot Frontage 25.0

Lot Depth 90.0

Garage No

Building

Lot Description Rectangular, Public Transit, Schools, Shopping Nearby

Faces SOUTH OF HORTON ST ON WHARNCLIFFE RD S, ON EAST SIDE.

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Stucco

New Construction No

Others

Senior Community No

Tax ID 083890089

Ownership Freehold/None

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Isaac Rosebrugh

+1(519) 754-6611

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