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Multiplex for sale

$1,197,000

50 Irwin Street

London, N5G 1C8

Bedrooms: 8+3 beds
Bathrooms: 5 baths
Interior: 3,000-3,500 ft²
Lot: 48.8 × 117 ft
Type: Multiplex
On the market: 36 days

Compare 50 Irwin Street

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

MLS® number: X13769512
Property type: Multiplex
Style: 2-Storey
Bedrooms: 8+3
Bathrooms

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5

Kitchens

5

Interior size

3,000-3,500 ft²

Lot

48.8 × 117 ft

Basement

Full

Heating

Water, Gas

Sewer

Parking: 7 spaces, garage: detached
Fireplace: Yes
Exterior: Brick
Roof: Asphalt Shingle
Foundation: Concrete
Property taxes: $11,572 (2026)
Possession: Flexible
Cross street: Wharncliffe Rd N & Oxford St W
Municipality: London

What it could cost each month

Mortgage estimate

$5,300a month

$239,400 down, 4.5%, 25 years

Down payment

8%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near Wharncliffe Rd N & Oxford St W

50 Irwin Street, London

Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Listing courtesy of Rock Star Real Estate Inc., Brokerage.

Listed on the MLS® System of the Oakville, Milton & District Real Estate Board. MLS® number X13769512. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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