For Sale: 59 Saunby Street N, London, ON - REW
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$1,350,000
14 bd • 5 ba • 5000 - 99999 sf • Multifamily
59 Saunby Street N
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$1,350,000
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59 Saunby Street NLondon, ON, N6G 1A4

West London
  • 14 Bed
  • 5 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: RONG YI, Sales Representative, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$1,350,000
Get Pre-Approved
Gross Taxes for 2026
$9,187
Home facts
Bedrooms
14
Full Bathrooms
5
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Lot Size
50 ft x 104 ft (5200 ft²)
Depth
104 feet
Frontage
50.0 feet
Exterior Finish
Brick
Heating Type
Baseboard heaters, Electric, Natural gas
Features
Dry, Security system, Smoke Detectors
Appliances
Refrigerator, Stove, Water meter, Window Coverings
Community
Agent details
Primary Agent
RONG YI
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13880470
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Jeanne-Sauvé Public School
  • Public
  • K - 8
Eagle Heights Public School
  • Public
  • JK - 8
University Heights Public School
  • Public
  • JK - 8
St Georges Public School
  • Public
  • JK - 8
Ryerson Public School
  • Public
  • JK - 8
London Central Secondary School
  • Public
  • 9 - 12
St Thomas More School
  • Catholic
  • JK - 8
St Michael School
  • Catholic
  • JK - 8
Victoria Public School
  • Public
  • JK - 8
Catholic Central High School
  • Catholic
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Sales Representative
RONG YI
Phone:
(519) 649-6900
Office:
519-649-6900
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