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About the Listing 541900 -
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.
Listing Highlights for 50 Irwin St
Interior Details
- Bedrooms: 11
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Basement: Full
- Other: 5 Kitchens
- Water:
Exterior Details
- Garage Capacity: 3 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private Triple,Detached,Has Garage
Financial Details
- Tax Amount: $11,572
- Taxes w/Assessments: N/A
- Tax/Property ID: 082470058
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
50 Irwin St London, ON N5G 1C8
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