About 50 Irwin Street
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.
Features of 50 Irwin Street
| MLS® # | X13769512 |
|---|---|
| Price | $1,197,000 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Square Footage | 3000-3500 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 50 Irwin Street |
|---|---|
| Area | Middlesex |
| Subdivision | North K |
| City | London North |
| Province | ON |
| Postal Code | N5G 1C8 |
Amenities
| Parking Spaces | 5 |
|---|---|
| # of Garages | 2 |
| Garages | Detached |
| Is Waterfront | No |
| Waterfront | None |
| Pool | None |
Interior
| Heating | Water |
|---|---|
| Cooling | None |
| Fireplace | Yes |
| Basement | Full |
| Kitchens | 4 |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | Rock Star Real Estate Inc., Brokerage |
|---|