Advantage Group Real Estate
50 IRWIN Street • London North, ON photo 1
50 IRWIN Street • London North, ON photo 2
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$1,197,000
50 IRWIN Street • London North, ONNew
Courtesy of Rock Star Real Estate Inc., Brokerage
8+3
Bedrooms
5
Bathrooms
3000-3500
Square feet
7
Parking

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.

Property details

Property type
Multiplex
Style
2-Storey
Total rooms
16
Lot size
48.8 × 117 ft
Property taxes
$11,571.64 (2026)
Occupancy
Flexible
Days on market
2
Status
Active
MLS®

Property history

Location

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Recently sold nearby

Listing data last updated: Sep 11, 2026, 11:18 a.m. EDT via TRREB IDX.

First listed: Sep 10, 2026, 6:15 p.m. EDT.