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8 + 3
BEDROOMS 5
BATHROOMS 4 + 1
KITCHENS 16 + 5
ROOMS X13769512
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Property Description
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.
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Property Features
None, Private Triple
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Property Details
Property Type
Multiplex
Lot Size
49' x 117'
Taxes
$11,572 (2026)
Basement
Full
Heat Type
Water
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Rock Star Real Estate Inc., Brokerage
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