50 IRWIN Street, London North, ON N5G 1C8
London North, ON, N5G 1C8 · North K
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
- Basement: Full
- Garage: Detached
- Cooling: None
- Heat Type: Water
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 11 |
| Bathrooms | 5 |
| Basement | Full |
| Garage | Detached |
| Parking Spaces | 5 |
| Heat Type | Water |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $11,572 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- None
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Full
Heating & Cooling
- Heat Type
- Water
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 5
- Parking Total
- 7.00
- Parking Features
- Private Triple
- Covered Spaces
- 2
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 117.00
- Lot Width
- 48.80
Financial & Tax
- Tax Annual Amount
- $11,572
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 16
- Rooms Below Grade
- 5
- Kitchens Above Grade
- 4
- Kitchens Total
- 5
- Bedrooms Above Grade
- 8
- Bedrooms Below Grade
- 3
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Middlesex
- Cross Street
- Wharncliffe Rd N & Oxford St W
- Directions
- East of Wharncliffe Rd N, North of Saunby St & South of Beaufort St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
50 IRWIN Street, London North, ON N5G 1C8, London North, ON, N5G 1C8