Size
-
Lot size
5709 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$342 - $399
Taxes
$11,571.64 (2026)
Parking Type
-
Style
2-Storey
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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.
Broker: Rock Star Real Estate Inc., Brokerage
MLS®#: X13769512
Property details
Parking:
7
Parking type:
-
Property type:
Multiplex
Heating type:
Water
Style:
2-Storey
MLS Size:
3000-3500 sqft
Lot front:
48 Ft
Lot depth:
117 Ft
Listed on:
Sep 10, 2026
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Instant estimate:
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$29,431
lower than listed pricei
High
$1,225,947
Mid
$1,167,569
Low
$1,109,190
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