Mohammed MustafReal Estate Salesperson | HomeLife Miracle Realty Ltd., Brokerage

50 IRWIN STREET, London North (North K)

$1,197,000 · 4 Bed 5 Bath

50 IRWIN STREET, London North (North K) — photo 150 IRWIN STREET, London North (North K) — photo 250 IRWIN STREET, London North (North K) — photo 350 IRWIN STREET, London North (North K) — photo 450 IRWIN STREET, London North (North K) — photo 550 IRWIN STREET, London North (North K) — photo 650 IRWIN STREET, London North (North K) — photo 750 IRWIN STREET, London North (North K) — photo 850 IRWIN STREET, London North (North K) — photo 9

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. (id:66939)

Property details

Price
$1,197,000
Bedrooms
4
Bathrooms
5
Living area
3,069 square feet
Parking
7
Property type
Multi-family
MLS® number
X13769516

Location

Map showing the location of 50 IRWIN STREET, London North (North K)

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Source board: The Oakville, Milton & District Real Estate Board.

Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. 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 are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.