59 Saunby Street N in London North: North K House for sale : MLS®# X13880470
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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.
Under Contract:
Hot Water Tank-Electric
Property Type:
Residential Freehold
Property Sub Type:
Duplex
Home Style:
Other
Approx. Age:
51-99
Total Approx Floor Area:
5000 +
Lot Size:
<.50
Lot Depth:
104'31.7 m
Lot Frontage:
50'15.2 m
Lot Shape:
Rectangular
Topography:
Dry
Direction Faces:
North
Bedrooms:
14
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
5
Bedrooms Above Grade:
14
Kitchens Above Grade:
5
Rooms Above Grade:
20
Fractional Ownership:
No
Zoning:
R8-4R3
Assignment:
No
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete
Roof:
Asphalt Rolled, Asphalt Shingle
Basement:
Half
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Other
Parking Features:
Private
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Yes
Taxes:
$9,187 /
2025
Assessment:
$- /
-
Middlesex
London North
North K
School
Water Meter
Privacy
Security System, Smoke Detector
Furnace, Hot water tank
All existing appliances and fixtures belonging to the seller and located at property, including fridges, stoves. All existing window covering, light fixtures and permanently installed equipment are included, as currently installed.
Tenants' personal belongings and personal property. Any items belonging to tenants are excluded. Any items specifically excluded in the Agreement of purchase and sale are excluded from this inclusion.
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