246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

MLS® # X11970467

Investment For Sale In South London, London, Ontario

$985,000

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246 Wharncliffe Road S, London, ON - Outdoor

Unit 1 - Vacant - 246 Wharncliffe Road S, London, ON - Indoor Photo Showing Kitchen With Double Sink

Unit 1 - Vacant - 246 Wharncliffe Road S, London, ON - Indoor Photo Showing Other Room

Unit 1 - Vacant - 246 Wharncliffe Road S, London, ON - Indoor

Unit 1 - Vacant - 246 Wharncliffe Road S, London, ON - Indoor Photo Showing Bathroom

246 Wharncliffe Road S, London, ON - Outdoor With Exterior

246 Wharncliffe Road S, London, ON - With Exterior

246 Wharncliffe Road S, London, ON - Indoor Photo Showing Other Room

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246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

$985,000

Property Information:

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) (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: N/A
Exterior Finish: Stucco
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 6
Irregular: Yes
Lot Depth: 90.0 Feet
Lot Frontage: 25.5 Feet
Lot Size: 25.5 x 90 FT
Sewer: Sanitary sewer

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Notes:

Bradley McRae

Sales Representative Royal LePage Burloak Real Estate Services , Brokerage*

Office:905.634.7755

Fax:905.639.1683

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Jacob Campagnaro

Sales Representative Royal LePage Burloak Real Estate Services , Brokerage*

Office:905.634.7755

Fax:905.639.1683

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Market Price Trends

Location of 246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

54/100

Moderate

ClimateCheck®

Current data

This property, 246 WHARNCLIFFE ROAD S , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past

31℃

2050

34.5℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 246 WHARNCLIFFE ROAD S , experiences 11 significant 2-day storms per year, with about 328.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 402.9mm of precipitation per year.

Precipitation Per Storm

Past

328.2mm

2050

402.9mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$124,474.46

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.61 %

High school certificate or equivalent

25.28 %

Apprenticeship trade certificate/diploma

3.61 %

College/non-university certificate

25.66 %

University certificate (below bachelor)

1.19 %

University Degree

33.65 %

Commuter

Travel To Work

By Car

87.32 %

By Public Transit

2.73 %

By Walking

5.47 %

By Bicycle

0.07 %

By Other Methods

4.41 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.36 %

Houses

72.64 %

Own Vs. Rent

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246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4 $985,000 MLS® # X11970467

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

246 WHARNCLIFFE ROAD S, London, Ontario, N6J 2L4

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