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$1,197,000
Available - For Sale
Listing ID: X13769516
PRIME WESTERN UNIVERSITY LOCATION! 50 Irwin Street is a turnkey legal 5-unit residential multiplex featuring a high-density 11-bedroom layout directly adjacent to Western University. Offered at an attractive 7.0% Cap Rate, the property delivers excellent Gross Operating Income and a 1.60 Debt Coverage Ratio, supported by strong student rental demand and supplemental coin laundry income. Additional income potential exists through the detached garage. Fully tenanted and designed for efficient ownership, and includes separate hydro metering and five dedicated parking spots. This is a compelling opportunity to acquire a cash-flowing asset in London's premier academic rental corridor, offering immediate income, strong debt coverage, and long-term appreciation potential.
Price $1,197,000
Taxes: $11,571.64
Tax Type: Annual
Occupancy by: Tenant
Address: 50 Irwin Street , London North, N5G 1C8, Middlesex
Postal Code: N5G 1C8
Province/State: Middlesex
Legal Description: PT LT 6 PL 139(W) AS IN 789943;LONDON
Directions/Cross Streets: Oxford St W & Wharncliffe Rd N
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 3,069
Total Area Code:  Square Feet
Area Influences: Public Transit  
Chattels: T
Maintenance: 0
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary+Storm
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Rock Star Real Estate Inc., Brokerage

50 Irwin Street , London North, N5G 1C8, Middlesex

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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Type: Com - Investment
Area: Middlesex
Municipality: London North
Neighbourhood: North K
Style:
Lot Size: x 117.00(Feet)
Approximate Age:
Tax: $11,571.64
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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