$499,900 - 27 Wharncliffe Road, London South
Multi-Family for Sale in London South
43 days on marketNeighbourhood: South E
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- MLS Number
- X13774516
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Taxes (2026)
- $3,301
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
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!
Estimate your monthly payments for this property
Estimated Payment
$2,564.75/mo
Includes CMHC insurance ($13,947)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover South E
South E is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in South E
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
South E offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
27 Wharncliffe Road, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $714/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About South E
I know South E well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.