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$ 1,350,000
Est. payment /mo
New
59 Saunby ST N London North, ON N6G 1A4
14 Beds
5 Baths
5,177 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision North K
MLS Listing ID X13880470
Style Other
Bedrooms 14
Annual Tax Amount $9,187
Tax Year 2025
Lot Size 5,177 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Family Room No
Basement Half
Kitchen 5
Interior
Interior Features Water Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Privacy
Parking Features Private
Pool None
View City
Roof Type Asphalt Rolled,Asphalt Shingle
Topography Dry
Lot Frontage 50.0
Lot Depth 104.0
Total Parking Spaces 5
Building
Building Age 51-99
Unit Features School
Foundation Concrete
Others
Security Features Security System,Smoke Detector
ParcelsYN Yes
Listed by RIGHT AT HOME REALTY