50 IRWIN STREET
London North (North K), Ontario
MLS® X13769516
$1,197,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13769516
- Bedrooms
- 4
- Bathrooms
- 5
- Year built
- —
1 / 31Listing description
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.
Property summary
- MLS® number
- X13769516
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 3,069 sq ft
- Land size
- 48.8 x 117 FT ; 48.8 X 117
- Annual property taxes
- $11,571.64
- Parking
- 7 spaces
- Days on market
- 6 days
Features & details
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- None
- Appliances
- Washer, Dishwasher, Dryer
What would this home cost you?
Based on the $1,197,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Rock Star Real Estate Inc., Brokerage, OAKVILLE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.