59 Saunby Street N London North, Ontario N6G 1A4
$1,350,000
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. (id:28006)
Property Details
| MLS® Number | X13880470 |
| Property Type | Multi-family |
| Community Name | North K |
| Amenities Near By | Schools |
| Equipment Type | Water Heater - Electric, Water Heater, Furnace |
| Features | Dry |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater - Electric, Water Heater, Furnace |
| View Type | City View |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 14 |
| Bedrooms Total | 14 |
| Age | 51 To 99 Years |
| Appliances | Water Meter, Stove, Window Coverings, Refrigerator |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Security System, Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 104 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 104 Ft |
| Size Total Text | 50 X 104 Ft|under 1/2 Acre |
| Zoning Description | R8-4r3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 4.91 m | 3.93 m | 4.91 m x 3.93 m |
| Second Level | Bedroom | 3.63 m | 2.77 m | 3.63 m x 2.77 m |
| Second Level | Bedroom | 3.63 m | 2.56 m | 3.63 m x 2.56 m |
| Second Level | Bedroom | 4.48 m | 3.52 m | 4.48 m x 3.52 m |
| Second Level | Bedroom | 3.41 m | 2.71 m | 3.41 m x 2.71 m |
| Second Level | Bedroom | 3.38 m | 2.62 m | 3.38 m x 2.62 m |
| Basement | Bedroom | 3.93 m | 2.47 m | 3.93 m x 2.47 m |
| Basement | Bedroom | 4.3 m | 3.08 m | 4.3 m x 3.08 m |
| Basement | Bedroom | 3.9 m | 2.71 m | 3.9 m x 2.71 m |
| Basement | Bedroom | 4.36 m | 3.41 m | 4.36 m x 3.41 m |
| Main Level | Bedroom | 4.6 m | 3.47 m | 4.6 m x 3.47 m |
| Main Level | Bedroom | 4.36 m | 3.41 m | 4.36 m x 3.41 m |
| Main Level | Bedroom | 4.11 m | 3.93 m | 4.11 m x 3.93 m |
| Main Level | Bedroom | 3.07 m | 3.05 m | 3.07 m x 3.05 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30385332/59-saunby-street-n-london-north-north-k-north-k
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October 09 2026 04:31:16
London and St. Thomas Association of REALTORS®
Streetcity Realty Inc.