$1,197,000
Available - For Sale
Listing ID: X13769516
50 Irwin Street , London North, N5G 1C8, Middlesex
| 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: | $11571.64 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3069.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Chattels: | T |
| Washrooms: | 5 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| Rock Star Real Estate Inc., Brokerage |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London North |
| Neighbourhood: | North K |
| Tax: | $11,571.64 |
| Baths: | 5 |
| Fireplace: | N |
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