$1,197,000
50 Irwin St
London North, ON N5G 1C8
50 Irwin St, London North — Listed at $1,197,000. 4 bedroom, 5 bathroom Investment. MLS® X13769516.
Possession · seller's timeline
Flexible
Description
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
Business Details
Property Insights
Listing Courtesy of: Rock Star Real Estate Inc., Brokerage
MLS® #X13769516
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HouseIndex Take: 50 Irwin Street
This investment is located in the North K neighbourhood of London North.
The home offers 4 bedrooms, 5 bathrooms.
Additional details: lot dimensions of 48.8 × 117 feet.
Listed at $1,197,000 CAD with annual property taxes of $11,571.64 (2026).
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