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    For Sale - 59 Saunby Street, London North, Ontario

    Est payment $6,483/mo
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    Views   1
    Time on Jump  13 day

    AI Summary *

    • Great investment with multiple income streams in a desirable London location.
    • Legal 4-unit residential building, each apartment with 3 bedrooms and living room.
    • Separate 2-bedroom house adds flexibility for rental or owner-occupancy options.
    • Current rents at $500 per bedroom, with potential for $800 per bedroom.
    • Close to university, shopping, restaurants, and public transit for tenant appeal.




    Excellent investment opportunity in highly desirable and convenient london location, offering multiple income streams and significant rental upside. The property features a legal 4-unit residential building, with each apartment offering 3 bedrooms and 1 living room. Plus, a separate 2-bedroom, 1 living room house on the same property. The property is currently rented at approximately $500 per bedroom per month. Based on current rental demand and comparable accommodations in the area, market rents may be approximately $800 per bedroom per month, subject to market conditions, tenant demand, and applicable regulations. This represents meaningful potential for an investor to improve rental income over time through proper management and market positioning. The location is particularly attractive for a student and professional tenants, with a university, shopping, restaurants, public transit, and other amenities nearby. The property's multiple bedrooms, existing residential configuration and separate house provide excellent flexibility for rental income, owner occupancy, or multi-generational living. The property is currently zoned r8-4r3. . A rare opportunity to acquire a multi-unit property with a substantial existing accommodation, strong rental demand, and significant potential to increase income. An excellent option for investors seeking both current rental income and long-term appreciation and redevelopment potential.
    Listing IDX13880470
    Address59 Saunby Street
    CityLondon North, Ontario
    Price$1,350,000
    Bed / Bath14 / 5 Full
    StyleOther, Duplex
    ConstructionBrick
    Land Size5177
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Water MeterOutdoor Features PrivacyAmenities SchoolOwnership FreeholdViews CityAppliances Fire EscapeBasement HalfFoundation ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 5.00
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    Listing Brokerage: RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    59 Saunby Street
    London North , Ontario
    14 5 $1,350,000
    Get more info