• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
  • info@findhomes.ca
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19 days
50 Irwin Street, London North, ON N5G 1C8

50 Irwin Street, London North, ON N5G 1C8

London North, ON, N5G 1C8 · North K

4 Beds
5 Baths
— Sq Ft
7 Parking
Investment Type
X13769516 MLS#

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.

Features & Amenities

  • Garage: Double Detached
  • Cooling: No
  • Heat Type: Gas Hot Water
  • Heat Source: Gas
  • Sewer: Sanitary+Storm

Property Details

Property Type Commercial
Property Sub-Type Investment
Bedrooms 4
Bathrooms 5
Garage Double Detached
Parking Spaces 7
Heat Type Gas Hot Water
Heat Source Gas
Cooling No
Sewer Sanitary+Storm
Annual Tax $11,572
Tax Year 2026

Building & Construction

Building Area Total
3069

Heating & Cooling

Heat Type
Gas Hot Water
Heat Source
Gas
Cooling
No

Parking & Garage

Garage Type
Double Detached
Parking Spaces
7

Lot & Land

Lot Size Units
Feet
Lot Depth
117.00
Lot Width
48.80
Lot Irregularities
48.8 X 117

Community & Neighborhood

Community Features
Public Transit

Financial & Tax

Tax Annual Amount
$11,572
Tax Year
2026
Possession Type
Flexible
Possession Details
Flexible

Utilities & Services

Sewer
Sanitary+Storm
Utilities
Yes

Room Details

Kitchens Total
0

Additional Details

Occupant Type
Tenant
County Or Parish
Middlesex
Cross Street
Oxford St W & Wharncliffe Rd N
Directions
East of Wharncliffe Rd N, South of Beaufort St, North of Saunby St.
Showing Requirements
Lockbox, Showing System

Location

50 Irwin Street, London North, ON N5G 1C8, London North, ON, N5G 1C8

Listing courtesy of Rock Star Real Estate Inc., Brokerage
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  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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