First Time on the Market in 40+ Years: Why 35 Wharncliffe Rd S Is a London Investor's Dream
London, Ontario — Character homes with real income potential rarely come up in South London, and even more rarely does one hit the market after sitting in the same family for over four decades. 35 Wharncliffe Rd S just did exactly that — and for investors, renovators, and house-flippers watching the London market, this one deserves a second look.
The Numbers That Matter to Investors
- List Price: $399,900
- Lot Size: 38.81 x 125.18 ft
- Zoning: R3-2
- Bedrooms: 3 + 1
- Bathrooms: 2 full
- Year Built: 1926
- Taxes: $3,571 (2025)
- Garage: Detached, 1 car, plus 3 total parking spaces
At under $400K in South London, this is priced well below replacement cost for a fully renovated character home in this pocket of the city — which is exactly the kind of spread flippers and BRRRR investors look for.
Why R3-2 Zoning Changes the Math
This isn't just a single-family home with a basement — it's zoned R3-2, which opens the door to multi-residential possibilities that a standard R1 lot simply doesn't offer. Combined with the home's existing in-law capability and a separate side entrance already leading to the basement, the bones for a legal secondary suite or duplex conversion are already in place. That means less demo, less structural guesswork, and a faster runway to rental income or resale at a higher basis.
For an investor, that separate entrance alone is worth pricing into your offer — it's one of the most expensive and disruptive parts of a basement conversion, and here it's already done.
Built to Last, Ready for Vision
Original 1926 construction with hardwood floors and high ceilings on both the main level and the basement — a detail that's easy to overlook but critical for anyone planning a lower-level unit, since low basement ceilings kill more conversion projects than almost anything else. The main floor offers a bedroom, kitchen, living room, and dining room, plus a flexible bonus space that could become a sunroom, home office, or in-law sitting area. Upstairs holds two more bedrooms and a full bath. Downstairs: a fourth bedroom, a second full bath, and a large laundry room, all with that same generous ceiling height.
Location Is Doing a Lot of the Work Here
Minutes from trails and downtown London, steps to bus routes — this is a walkable, transit-connected pocket that continues to draw renters and buyers who want proximity without a downtown price tag. Whether the end goal is a flip, a legal duplex, or a long-term rental hold, the location supports strong resale and consistent tenant demand.
The Bottom Line
Homes with R3-2 zoning, income-ready layouts, and 40+ years of market absence don't come around often — and this one checks nearly every box an investor looks for: below-market entry price, multi-unit zoning potential, an already-roughed-in secondary suite layout, and a location that holds its value. Whether you're planning a full renovation, a basement conversion for rental income, or a straightforward flip, 35 Wharncliffe Rd S is worth getting in front of before it's gone.
📍 35 Wharncliffe Rd S, London, ON N6J 2J5 💰 $399,900 🏡 MLS® X13694792
Book your showing today.
Milica Cvetkovic, Broker The Realty Firm Inc., Brokerage 519-601-1160, DIRECT: 519-871-4948 | milica@therealtyfirm.ca
