50 Irwin St

About this Property

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 Details

MLS #

X13769516

Board

PROPTX

Market

ontario

Property Type

Investment

Style

Apartment

Garage

Double Detached

Parking Spaces

7

Basement

Y

Heating

Gas Hot Water

Cooling

N

Lot Size

48.8 × 117 ft

Annual Taxes

$11,572/yr

Listed By

Rock Star Real Estate Inc., Brokerage

Listed On

September 10, 2026

Features & Extras