50 IRWIN STREET,London North (North K),Ontario,N5G1C8
For sale
$1,197,000
50 IRWIN STREET,London North (North K),Ontario,N5G1C8
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. (id:63658)
PROPERTY SUMMARY
| MLS® # | : | X13769516 |
| Listing price | : | $1,197,000 |
| Listed on | : | 20-09-2026 |
| Property subtype | : | For sale |
| Square footage | : | 3069 sqft |
| Year built | : | 0000 |
| Listing office | : | Rock Star Real Estate Inc., Brokerage |
BEDROOM & BATHROOM
| Total bedrooms | : | 4 Bedrooms |
| Total bathrooms | : | 5 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |
Community location
Neighbourhood Highlights
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Public Transit