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    For Sale - 50 IRWIN Street, London North, Ontario

    Est payment $5,748/mo
    Get pre-qualified
    Views   1
    Time on Jump  41 day

    AI Summary *

    • Turnkey 5-unit multiplex directly adjacent to Western University.
    • High-density layout with 11 bedrooms ideal for student rentals.
    • Strong gross operating income with a solid cap rate.
    • Separate hydro metering with five dedicated parking spots.
    • Potential for additional income from a detached garage.




    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.
    Listing IDX13769512
    Address50 IRWIN Street
    CityLondon North, Ontario
    Price$1,197,000
    Bed / Bath11 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdWaterfront NoneBasement FullFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 7.00
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    Listing Brokerage: Rock Star Real Estate Inc., Brokerage

    * Data is provided courtesy of PROPTX. 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 is deemed reliable but is not guaranteed accurate by PROPTX.

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    50 Irwin Street
    London North , Ontario
    11 5 $1,197,000
    Get more info