113 Wharncliffe Road, London North, ON

$540,000
MLS#:X9347995
2 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of North N. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $540,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 31.08 x 202.71 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Built-In Oven, Countertop Range, Upgraded Insulation
  • equipped with central air central cooling and highly efficient water heating via gas

Description

Legal up/down Duplex located on direct bus route to UWO and walking distance to downtown London. Great opportunity for those buyers seeking an income helper by renting one of the units while living in the other. Step inside and you will be very impressed with the craftsmanship and attention to detail. This tastefully renovated home features 2 single bedroom units with upgraded granite kitchens, hardwood flooring, tiled/glass showers, and an open concept layout. Entirely spray foamed, not only is the road noise low, so are the utilities! With boiler heat and split system A/C units you're looking at an average of $300/month, combined. Plenty of parking around back via your private drive on the south side of the house. For those looking to increase your cashflow and invest in Accessory Dwelling Units, the 200' lot offers a ton of potential. Once a triplex, the house has 3 hydro meters. Shingles, electrical, and plumbing, all updated within the past 12 years. Solar panel on roof heats hot water tank. This house is incredibly well maintained and an absolute pleasure to show. Main floor unit currently rented at $1500/utilities included to a AAA tenant, month to month. Upper unit is rented for $1800/utilities until spring '25

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 20, 2024
Sold price information is available to members only
Listed Date9/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
Architectural Style1 1/2 Storey
ConstructionBrick
BasementUnfinished
Lot Size31.08 × 202.71 Feet
CountyMiddlesex
Annual Tax$2,959.56
Legal DescriptionPT LT 4 E/S WHARNCLIFFE RD PLAN 191 (W) AS IN 90234

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingCentral Air

Features

Property Features

Public Transit

Interior Features

Built-In Oven, Countertop Range, Upgraded Insulation, Water Heater Owned, Separate Hydro Meter, Carpet Free

Security Features

Community Features

Location

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113 Wharncliffe Road, London North, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 113 Wharncliffe Road N, London North, ON N6H 2A8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in London North.

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Interest Rate5.25%
Down Payment$29,000 (5.4%)
* Minimum Canadian down payment required for this price is $29,000.
Amortization Period25 Years
Estimated Monthly Payment$3,045Based on a loan of $511,000 over 25 years.
Purchase Price$540,000
Loan Amount$511,000
Provincial Land Transfer Tax:$7,275
Total Estimated Closing Taxes:$7,275

About Purchasing a Home in London North, ON

For a property listed at $540,000 in London North, the legal minimum down payment is $29,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,275 for this transaction. As this listing is in London North (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,275.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for North N, London North.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$583,946

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.