For Sale

50 IRWIN Street

$1,197,000

London North, Ontario N5G 1C8 · MLS® X13769512 · Updated 12h ago

50 IRWIN Street, London North, ON N5G 1C8

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Bedrooms

Bathrooms

—

Sq Ft

Parking

About This Home

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 Information

Type

Residential Freehold

Style

Multiplex

Architectural Style

2-Storey

Lot Size

48.8 × 117 ft

Direction Faces

West

Bedrooms

11 (8 + 3)

Kitchens

Parking

7 total · Detached

Cross Street

Wharncliffe Rd N & Oxford St W

Postal Code

N5G 1C8

Occupancy

Tenant

Possession

Flexible

MLS#

X13769512

Listing Office

Rock Star Real Estate Inc., Brokerage

Building Details

Construction

Brick

Roof

Asphalt Shingle

Heating

Water · Gas

Cooling

None

Basement

Full

Fireplace

Laundry

Lower Level

Pool

None

Features & Amenities

Interior

None

Financials & Fees

Annual Property Tax

$11,571.64 (2026)

Inclusions & Exclusions

Inclusions

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

Exclusions

Tenants' Belongings

Location

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Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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