50 IRWIN ST, London North, ON N5G 1C8
50 IRWIN ST, London North, ON N5G 1C8
50 IRWIN ST, London North, ON N5G 1C8
50 IRWIN ST, London North, ON N5G 1C8
50 IRWIN ST, London North, ON N5G 1C8
50 IRWIN ST, London North, ON N5G 1C8
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
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Est. payment | /mo

8 Beds

5 Baths

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-
Est. payment | /mo
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8 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision North K

MLS Listing ID X13769512

Style 2-Storey

Bedrooms 8

Annual Tax Amount $11,571

Tax Year 2026

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-3(2)

Rooms

Family Room No

Basement Full

Kitchen 5

Separate Den/Office 3

Interior

Interior Features None

Cooling None

Fireplaces Number 4

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

Exterior

Parking Features Private Triple

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 48.8

Lot Depth 117.0

Total Parking Spaces 7

Building

Foundation Concrete

New Construction false

Others

Senior Community Yes

ParcelsYN No

Listed by Rock Star Real Estate Inc., Brokerage
Tony & Ledi Real Estate Team

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50 IRWIN ST

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