$ 1,350,000
59 Saunby Street N
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59 Saunby Street N, London North

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:1945)
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Property details for 59 Saunby Street N, London North

Type
Multi-family
Bedrooms
14
Bathrooms
5
Lot Size
50 x 104 FT
Basement
None
Parking
No Garage
Heating
Baseboard heaters, Electric, Natural gas
Cooling
None
Exterior
Brick
Annual Taxes
$9,187

Nearby Listings Stat

Estimated price and comparable properties near 59 Saunby Street N

Active Listings
1
Min Price
$1,350,000
Max Price
$1,350,000
Avg Price
$1,350,000
Days on Market
1
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

London, Ontario

Population
457
Median Age
39.7
Median Income
$10,357

Housing Tenure

Renters 94%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.3
Pop. Density: 1,795.0/km²
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 28.3%
English only: 91.3%
English and French: 6.5%
Median Household Income: $10,647
Median Employment Income: $8,992

Price History

Listed
October 9, 2026
by RIGHT AT HOME REALTY
Current Price
$1,350,000
Type
Multi-family
For Sale
59 Saunby Street N

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