59 Saunby Street N,London North, ON N6G 1A4
London North, ON N6G 1A4
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.
Details
| MLS # | X13880470 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 16 |
| Listing Provided By | RIGHT AT HOME REALTY | X13880470 10004700 |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 5 |
| Basement | Y |
| Acreage | 0.12 |
| Property View | City |
Interior
| Interior Features | Water Meter |
|---|---|
| Lease To Own Equipment | Furnace |
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Privacy |
|---|---|
| Roof | Asphalt Rolled, Asphalt Shingle |
| Foundation Details | Concrete |
| Topography | Dry |
| View | City |
| Construction Materials | Brick |
| Security Features | Security System, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 9187 |
|---|---|
| Tax Legal Description | PT LT 4 E OF WHARNCLIFFE RD PL 5 (W) & THAT PT WHARNCLIFFE RD CLOSED BY BYLAW 663815, PTS 1 & 2 33R5908; "DESCRIPTION IN 768193 MAY NOT BE ACCEPTABLE IN FUTURE RE: ROAD" LONDON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London North |
| Postal Code | N6G 1A4 |
| Area | North K |
| Listing VS Median (in N6G 1A4) | |
Price: $1,350,000 low | high Med: $0 On site: 16 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London North |
| Postal Code | N6G 1A4 |
| Area | North K |
| Listing VS Median (in N6G 1A4) | |
Price: $1,350,000 low | high Med: $0 On site: 16 low | high Med: | |
