50 IRWIN Street, London North

50 IRWIN Street, London North

$1,197,000

11 bed · 5 bath · Multiplex

MLS®#: · Status: New

Listed by: Rock Star Real Estate Inc., Brokerage

About this property

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.

Photos (31)

Photo 2Photo 3Photo 4Photo 5Photo 6Photo 7Photo 8Photo 9Photo 10Photo 11Photo 12Photo 13Photo 14Photo 15Photo 16Photo 17Photo 18Photo 19Photo 20Photo 21Photo 22Photo 23Photo 24Photo 25Photo 26Photo 27Photo 28Photo 29Photo 30Photo 31

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

The information provided herein is deemed reliable but is not guaranteed accurate by PropTx Innovations Inc. or the Toronto Regional Real Estate Board.