$1,197,000
Available - For Sale
Listing ID: X13769512
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 |
| Occupancy: | Tenant |
| Address: | 50 IRWIN Street , London North, N5G 1C8, Middlesex |
| Directions/Cross Streets: | Wharncliffe Rd N & Oxford St W |
| Rooms: | 16 |
| Rooms +: | 5 |
| Bedrooms: | 8 |
| Bedrooms +: | 3 |
| Family Room: | F |
| Basement: | Full |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Private Tr |
| Drive Parking Spaces: | 5 |
| Park #1 | |
| Parking Type: | Private Tr |
| Park #2 | |
| Parking Type: | Private Tr |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Rock Star Real Estate Inc., Brokerage |
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|
Irfan Bajwa
Broker, ABR, SRS, CNE
Dir:
416-832-9090
Bus:
905-858-0000
Fax:
905-452-7646
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Middlesex |
| Municipality: | London North |
| Neighbourhood: | North K |
| Style: | 2-Storey |
| Tax: | $11,571.64 |
| Beds: | 8+3 |
| Baths: | 5 |
| Fireplace: | Y |
| Pool: | None |
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