$1,197,000
For SaleList: 2026-09-10
X13769512
Added 2 days ago
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About this home
Broker remarks from the listing.
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.
Property sheet
Key facts from the MLS® sheet for this home.
Record
Buy/sell history for 50 IRWIN Street, London North, ON N5G 1C8 (Multiplex)
$1,197,000
For SaleList: 2026-09-10
X13769512
| Contract Date | Last Update | Price | Status | Listing ID |
|---|---|---|---|---|
| Sep 10, 2026 | Sep 11, 2026 | $1,197,000 | For Sale | X13769512 |
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