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8 + 1
BEDROOMS 4
BATHROOMS 4
KITCHENS 20 + 8
ROOMS X13418966
MLSID Contact Us
Property Description
Great opportunity to own a purpose-built fourplex in one of London's most desirable pockets - this well-maintained investment property features four spacious two-bedroom units, each with their own full basement, offering tenants the kind of space and privacy they desire. All units currently occupied by quality, tenants providing immediate, stable income. Inside, you'll find hardwood floors, eat-in kitchens, and bright generous layouts throughout, with two units boasting additional finished space in the lower level (one unit with a third bedroom, another with a finished office/flex room). Each unit has its own gas and hydro meter, keeping operating costs clean and simple. Four parking spaces, some newer windows, updated furnaces, and a 2015 roof. Step into the backyard and you'll understand what make this location special - a private, serene setting overlooking The Cove, the kind of outdoor amenity that attracts and retains great tenants year after year. With a neighbourhood well-served by public transit and green space, this is a turnkey asset with genuine upside potential.
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Property Features
Hospital, Ravine, School, Separate Hydro Meter, Primary Bedroom - Main Floor
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Property Details
Address
250 Greenwood Avenue
Community
City
Postal Code
N6J 3G4
Property Type
Multiplex, Multiplex
Zoning
R3-2
Taxes
$6,354 (2025
Basement
Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Royal Lepage Triland Realty
Over 7.5% Cap Rate!!!Located in the sought-after Blackfriars/Petersville Heritage District, 193 Wharncliffe Road N offers a solid investment opportunity in one of London's most convenient and consistently in-demand rental locations. Just minutes from Western University, downtown, parks, schools, and major transit routes, the property benefits from strong tenant appeal year after year. The building consists of five fully rented units, including one 3-bedroom apartment, one bachelor suite, and three 2-bedroom apartments, providing a well-balanced rental mix and reliable income. On-site amenities include parking for five vehicles, coin-operated laundry, an owned forced-air gas furnace, two hot water tanks, and three hydro meters. A new asphalt shingle roof was installed in December 2024, adding further value and reducing future maintenance costs. With utilities included in the rent and an estimated cap rate of over 7.5%, this is an attractive opportunity for investors looking for steady cash flow today while benefiting from the long-term appreciation of a well-located income property. Whether you're adding to an existing portfolio or purchasing your first multi-family investment, this is the type of property that's becoming increasingly difficult to find-fully tenanted, well maintained, and positioned in a high-demand rental market with excellent long-term potential
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