50 IRWIN Street
London North
N5G 1C8
$1,197,000
Residential Freehold
beds: 8+3
baths: 5.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X13769512
- Bedrooms:
- 8+3
- Bathrooms:
- 5
- Photos (31)
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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 Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Property Attached:
- Yes
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 3000-3500
- Lot Depth:
- 117'
- Lot Frontage:
- 48'10"
- Lot Details:
- 48.80 x 117.00
- Direction Faces:
- West
- Bedrooms:
- 8+3
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Kitchens:
- 5
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 8
- Bedrooms Below Grade:
- 3
- Kitchens Above Grade:
- 4
- Rooms Above Grade:
- 16
- Rooms Below Grade:
- 5
- Zoning:
- R2-3(2)
- Heating type:
- Water
- Heating Fuel:
- Gas
- Fireplaces:
- 4
- New Construction:
- No
- Foundation:
- Concrete
- Roof:
- Asphalt Shingle
- Basement:
- Full
- Fireplace/Stove:
- Yes
- Garage:
- Detached
- Garage Spaces:
- 2.0
- Parking Features:
- Private Triple
- Parking Spaces:
- 5
- Total Parking Spaces:
- 7.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $11,571.64 / 2026
- Assessment:
- $- / -
- Middlesex
- London North
- North K
- None
- Water Heater
- 5 Fridges, 5 Stoves, 5 Dishwashers, 1 Washer, 1 Dryer
- Tenants' Belongings
- Brick
- None
- Green Property Information Statement:
- No
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Lower Level
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Listed by Rock Star Real Estate Inc., Brokerage
Data was last updated September 12, 2026 at 02:15 AM (UTC)
- ANTHONY GALLO
- 380 WELLINGTON STREET, UNIT HS1, LONDON ON
- 1 (226) 2366278
- Contact by Email
1835 FOXRIDGE CR
London, ON, N6A 5B5