$1,197,000
12.85 BTC
Photos
50 Irwin Street, London
$1,197,000
PRICE
8 + 3
BEDROOMS
5
BATHROOMS
X13769512
MLSID

50 Irwin Street, London

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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Summary

Address
50 Irwin Street
City
Community
MLSID
X13769512
Property Type
Multiplex
Property Category
Bedrooms
8 + 3
Bathrooms
5
Kitchens
4 + 1
Zoning
R2-3(2)
Taxes (Annual)
$11,571.64
Tax Year
2026
Published
September 10, 2026
Days on Market
0 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

5 Fridges, 5 Stoves, 5 Dishwashers, 1 Washer, 1 Dryer

Exclusions

Tenants' Belongings

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Basement Level
Basement
Full
Interior Features
None
Parking Spaces
5
Parking Total
7
Parking Features
Private Triple
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
49 Feet
Lot Depth
117 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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