New 50 Irwin Street, London North, ON N5G 1C8
North K · London North · ON
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.
Property details
- MLS® Number
- X13769516
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Commercial
- Property Subtype
- Investment
- Kitchens
- 0
- Lot Size
- Feet
- Lot Width
- 48.80
- Lot Depth
- 117.00
- Taxes
- $11,572
- Tax Year
- 2026
- Garage
- Double Detached
- Parking Spaces
- 7
- Heating
- Gas Hot Water / Gas
- Cooling
- No
- Sewer
- Sanitary+Storm
- Cross Street
- Oxford St W & Wharncliffe Rd N
- Directions
- East of Wharncliffe Rd N, South of Beaufort St, North of Saunby St.
- Occupancy
- Tenant
Building & Construction
- Building area
- 3069
Parking & Garage
- Garage
- Double Detached
- Parking spaces
- 7
Community & Neighbourhood
- Community
- Public Transit
- Cross street
- Oxford St W & Wharncliffe Rd N
Utilities & Services
- Sewer
- Sanitary+Storm
- Utilities
- Yes
Location
Property History
- Listed
- September 10, 2026 6:16 PM
- Listing updated
- September 11, 2026 11:18 AM
- System updated
- September 11, 2026 11:18 AM
- Photos changed
- September 11, 2026 11:18 AM
- Media changed
- September 11, 2026 11:18 AM
- Imported locally
- September 11, 2026 12:01 PM