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$499,900
London South
27 Wharncliffe Road South, London South (South E), Ontario, N6J2J5
This multi-family property in London South is for sale offering roughly 900 sq ft of space. It has been on the market 54 days, fresher than the London South average of 58 days.
Welcome to 27 Wharncliffe Road South, a standout opportunity to own a fully legal duplex in a highly convenient London location! This well-maintained investment property features two self-contained units, both occupied by great month-to-month tenants, offering immediate rental income and future flexibility. Each unit is separately metered for electricity.Unit 1 is located on the main floor and offers 2 bedrooms, 1 full bathroom, its own private entrance, in-suite laundry, and 2 parking spaces. The current monthly rent is $1,939.90 paid by the tenant. Utilities are included, with the exception of electricity.Unit 2 is located on the lower level and features 1 bedroom, 1 full bathroom, its own private entrance, in-suite laundry, and 2 parking spaces. The current monthly rent is $1,412.80 paid by the tenant. Utilities are included, with the exception of electricity.The property generates $3,352.70 in monthly rental income. Ideally situated just minutes from London's vibrant downtown core and close to Covent Garden Market, Canada Life Place, several city parks, public transit, shopping, restaurants, and a wide variety of everyday amenities.Whether you're looking to expand your investment portfolio or move into this home, this duplex offers incredible potential, outstanding value, flexibility, and a prime location. Opportunities like this don't come along often, don't miss your chance to make it yours! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 58 days across the listings currently for sale in this city
This 3-bed multi-family in London South (South E) has been listed for 54 days, which is 4 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,900, about 7.7× the local median household income of $65,000.
Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6J)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.