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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,197,000
Available - For Sale
Listing ID: X13769512
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.
Price $1,197,000
Taxes: $11,571.64
Occupancy by: Tenant
Address: 50 IRWIN Street , London North, N5G 1C8, Middlesex
Directions/Cross Streets: Wharncliffe Rd N & Oxford St W
Rooms: 16
Rooms +: 5
Bedrooms: 8
Bedrooms +: 3
Washrooms: 5
Family Room: F
Basement: Full
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  4 Basement
Washroom 4:  0
Washroom 5:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private Tr
Drive Parking Spaces: 5
Park #1
Parking Type: Private Tr
Park #2
Parking Type: Private Tr
Pool: None
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Water
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Rock Star Real Estate Inc., Brokerage

50 IRWIN Street , London North, N5G 1C8, Middlesex

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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At a Glance:
Type: Freehold - Multiplex
Area: Middlesex
Municipality: London North
Neighbourhood: North K
Style: 2-Storey
Lot Size: x 117.00(Feet)
Approximate Age:
Tax: $11,571.64
Maintenance Fee: $0
Beds: 8+3
Baths: 5
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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