Get $2,993 Cash Back
50 IRWIN STREET, London North (North K) — listed at $1,197,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
What's the parking situation?+
This property includes 7 spaces.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $11,571.64, heating is hot water radiator heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Is 50 IRWIN STREET a good fit for a growing family?+
With 4 bedrooms and 5 bathrooms (3069 sq ft), there's room for kids plus a guest room or home office.
What makes this a luxury property?+
At $1,197,000, standout features include 3069 sq ft, 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Ask About This Property
Nearby Places
Searching nearby places…
Similar listings
For Sale34 days40
For Sale92 days46
For Sale43 days31
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.