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$1,197,000
London North
50 Irwin Street, London North (North K), Ontario, N5G1C8
This multi-family property in London North is for sale offering roughly 3,069 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 51 days across the listings currently for sale in this city
This 4-bed multi-family in London North (North K) is available now. Want me to connect you with the agent or keep you posted on any price updates?
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