I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.
London North · North K
50 IRWIN Street
Multiplex
MLS® #X13769512
Listed for$1,197,0002 days on market
8+3 bed 5 bath 7 parking 3000-3500 sq ft~$368/sq ft
New this week
Transit stop ~72.7 km
Free · about 10 seconds
Is $1,197,000 a fair price?
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Est. all-in monthly~$6,534/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Description & details
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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by Rock Star Real Estate Inc., Brokerage. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
For sale
