59 SAUNBY STREET N, London North, ON N6G1A4
59 SAUNBY STREET N, London North, ON N6G1A4
59 SAUNBY STREET N, London North, ON N6G1A4
59 SAUNBY STREET N, London North, ON N6G1A4
59 SAUNBY STREET N, London North, ON N6G1A4
59 SAUNBY STREET N, London North, ON N6G1A4
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 1,350,000
Est. payment | /mo

14 Beds

5 Baths

Save
$ 1,350,000
Est. payment | /mo
Save

14 Beds

5 Baths

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 - 100000

Subdivision North K

MLS® Listing ID X13880470

Bedrooms 14

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Extra Room 1 Second level 4.91 m X 3.93 m Bedroom

Extra Room 2 Second level 3.63 m X 2.77 m Bedroom

Extra Room 3 Second level 3.63 m X 2.56 m Bedroom

Extra Room 4 Second level 4.48 m X 3.52 m Bedroom

Extra Room 5 Second level 3.41 m X 2.71 m Bedroom

Extra Room 6 Second level 3.38 m X 2.62 m Bedroom

Interior

Heating Baseboard heaters, ,

Cooling None

Exterior

Parking Features No

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Sewer Sanitary sewer

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59 SAUNBY STREET N