Homula Realty Brokerage
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368 Wharncliffe Road S, London South, ON N6J 2M1

2 beds · 4 baths · 4 kitchens · 15 rooms · 3 parking spaces · 700-1100 sq ft · Fourplex
$579,900
Property tax
$3,822 / year

Versatility, opportunity, and convenience come together in this legal fourplex featuring two bachelor units and two one-bedroom units. Whether you're looking to expand your investment portfolio, create a flexible multigenerational living arrangement, or explore the benefits of owner-occupied real estate, this property offers a variety of possibilities under one roof. Being offered with furnishings and décor already in place, the property presents a turnkey opportunity that allows the next owner to hit the ground running. Each unit includes a refrigerator and stove, while practical features such as forced-air gas heating, fire-rated doors, and a sprinkler system in the furnace room add peace of mind. Located on a bus route with convenient access to the university, shopping, restaurants, and everyday amenities, the property is well positioned for a range of lifestyles. A large fenced backyard provides valuable outdoor space rarely found in properties of this type. A smart addition to an investment portfolio and an equally compelling option for buyers looking for flexibility, income potential, and long-term value.

MLS number
X13449808
Type
Fourplex
Status
Active
Bedrooms
2
Bathrooms
4
Postal code
N6J 2M1
Photos
29
Laundry
Not in the unit
89days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Victoria Public School
Thames Valley DSB
Elementary1.0 km4.2 / 10
42% met the standard
St Martin Separate School
London District Catholic School Board
Elementary903 m7.2 / 10
72% met the standard
Infinity SchoolElementary1.2 kmNot reported
Wortley Road Public School
Thames Valley DSB
Elementary940 m7.1 / 10
71% met the standard
Arthur Ford Public School
Thames Valley DSB
Elementary1.4 km6.6 / 10
66% met the standard
Westminster Secondary School
Thames Valley DSB
Secondary1.4 km5.7 / 10
57% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 416 people.

$83,000Median household income
62.5%Own their home
80%Detached houses
40Median age
15.9%Born outside Canada
45.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390307 — the few blocks around this address, home to 416 people. It describes the area, not this property.

416Population
40.5Average age
2.1Household size
$83,000Average household income
$83,000Median household income
63%Own their home
38%Rent
0%Condominiums
16%Born outside Canada
45%University degree
$440,000Average home value
14%Low income
43%Not in the labour force
32%Never married
Under $5,0002%
$10,000 to $14,9992%
$20,000 to $24,9992%
$25,000 to $29,9992%
$35,000 to $39,9994%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9997%
$80,000 to $89,9999%
$90,000 to $99,9996%
$100,000 and over26%
$100,000 to $124,99911%
$125,000 to $149,9999%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 270 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$115,980 · minimum here is $32,990
$2,567.67per month
Borrowed before insurance$463,920
Total borrowed$463,920
Interest over 25 years at 4.5%$306,382

If you rented it out

-$2,886.17per month out of pocket
Rent$0.00
Everything it costs to hold$2,886.17
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by REVEL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.