For sale 50$919,000
3+2 bed4 bath2,000–2,500 sq ft
2080 Wateroak Drive
North S, London North
1 month agoMLS® X13727904
SUTTON GROUP - SELECT REALTY
$1,197,000
50 Irwin Street
North K, London North, Ontario N5G1C8
For sale· Added
8+3 bed5 bath3,000–3,500 sqft
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.
Location
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Property details
Listing
- MLS® number
- X13769512
- Added
- Sep 10, 2026 ()
- Updated
- Sep 10, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Other
- Storeys
- 2
Inside
- Bedrooms
- 8+3
- Bathrooms
- 5
- Heating
- Natural gas
- Cooling
- None
- Fireplace
- Yes (4)
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
Building
- Basement
- Full
- Exterior
- Brick
- Foundation
- Concrete
- Parking
- Detached Garage, Garage · 7 spaces
Land
- Lot size
- 48.8 x 117 ft
- Zoning
- R2-3(2)
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
- Cross streets
- Wharncliffe Rd N & Oxford St W
- Directions
- East of Wharncliffe Rd N, North of Saunby St & South of Beaufort St.
Running costs
- Annual property tax
- $11,572
$1,197,000
50 Irwin Street
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