50 Irwin Street

London North N5G 1C8

$1,197,000

About the 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.

Extra info

Na

Property Details

Property Type:

Apartment

Land Size:

48.80 x 117.00 FT

Water Included:

N

Garage Type:

Double Detached

Annual Property Taxes:

$11,571.64

Cross Street:

Oxford St W & Wharncliffe Rd N

Freestanding:

Y

Status:

For Sale

Community:

North K

Use:

Apts - 2 To 5 Units

Listing ID:

X13769516

Price History

Date

10th September 2026

Event

Listed For Sale

Price

$1,197,000

Time On Market

2 days

Harpreet Rakhra

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    Harpreet Rakhra

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