50 IRWIN Street, London North
For sale · $1,197,000
11 beds · 5 baths · Multiplex · 3000-3500 sq ft
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.
Listing details
- MLS® number: X13769512
- Listed on September 10, 2026
- 31 photos
Listing brokerage: Rock Star Real Estate Inc., Brokerage
See every photo, drive times from your places, the neighbourhood and nearby schools in the Dibz app. Sold prices and listing history are for signed-in members.
MLS® listing data by PropTx under licence from TRREB, deemed reliable but not guaranteed accurate by PropTx. Operated by HighPoint Homes Realty, Brokerage.