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Est. payment | -/mo

14 Beds

5 Baths

Save

Est. payment | -/mo

Save

14 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision North K

MLS Listing ID X13880470

Style Other

Bedrooms 14

Annual Tax Amount $9,187

Tax Year 2025

Property Sub-Type Duplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R8-4R3

Rooms

Family Room No

Basement Half

Kitchen 5

Interior

Interior Features Water Meter

Cooling None

Inclusions 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.

Exterior

Exterior Feature Privacy

Parking Features Private

Pool None

View City

Roof Type Asphalt Rolled,Asphalt Shingle

Lot Frontage 50.0

Lot Depth 104.0

Total Parking Spaces 5

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

Security Features Security System,Smoke Detector

ParcelsYN Yes

Listed by RIGHT AT HOME REALTY

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+1(647) 493-3579

info@tonyledi.com

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59 Saunby ST N London North, ON N6G 1A4