105 Wharncliffe Rd N

About this Property

Rare opportunity to acquire a turnkey, fully occupied student housing investment currently configured and operated as six rental units comprising 17 bedrooms, minutes from Western University. Located approximately 2.4 km from campus, less than a five-minute drive and directly on a major bus route serving Western. The property generates $174,156 in current annual rental income and has maintained 100% occupancy throughout the seller's ownership. While maintaining full occupancy, total monthly rent has achieved compound annual growth of approximately 4.76% over five leasing years, demonstrating strong demand and market fundamentals. The property comprises a four-bedroom, two-bathroom upper unit and a one-bedroom lower unit within the front residence, together with four self-contained, two-storey, three-bedroom, two-bathroom townhome-style units. Each unit has private laundry, and the property offers 13 parking spaces-an exceptional parking ratio for student housing. Tenants in the four townhome-style units pay their own hydro. Extensive capital improvements include roofing, windows, siding, soffits, fascia, decks, asphalt, kitchens and bathrooms, with additional bathroom upgrades completed during the seller's ownership. An established leasing system and reliable maintenance support create an efficient, low-touch operating model. A compelling opportunity offering scale, proven rental growth and stable performance in one of London's strongest student rental locations.

Listing Details

MLS #

X13727816

Board

PROPTX

Market

ontario

Property Type

Investment

Style

Apartment

Garage

Outside/Surface

Parking Spaces

13

Basement

Y

Heating

Gas Forced Air Closd

Cooling

N

Lot Size

65 × 146 ft

Annual Taxes

$10,639/yr

Listed By

Peakhill Realty Inc.

Listed On

August 26, 2026

Features & Extras