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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

246 Wharncliffe Road London, Ontario N6J2L4

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0
Beds
0
Baths
3,000
Sq. Ft.
$985,000
Active Multi-Family

Property Details

Listed Date: February 12, 2025
Size: 3000 Sq. Ft.
City: London
Neighbourhood: West London
Province: Ontario
Postal Code: N6J2L4

Financial Details

Detail Amount
List Price $Contact for Price
Price Per Sq Ft $328

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Atrium/Sunroom Attached Garage Backs on greenbelt Balcony Barbeque

Area Features & Amenities

Proximity to parks Access to public transportation Close to schools and shopping Grocery stores Restaurants Community centers Schools

Cultural & Historical Insights

Feng Shui

The property faces north, which is associated with career and life path in Feng Shui, promoting growth and success.

Numerology

The address number 246 can be broken down to 2+4+6=12, and further to 1+2=3, which signifies creativity and communication.

Historical Facts

  • London, Ontario, was founded in 1826 and has a rich history as a regional center.
  • The area is known for its diverse architecture and cultural heritage.

Community Character

The local community is characterized by its family-friendly atmosphere, diverse demographics, and a blend of urban and suburban living. Residents enjoy a strong sense of community with various cultural and recreational activities available.

Close to schools and shopping in 246 Wharncliffe, London

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. (id:58062)

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