$1,350,000
Available - For Sale
Listing ID: X13880470
59 Saunby Street North , London North, N6G 1A4, Middlesex
| 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. |
| Price | $1,350,000 |
| Taxes: | $9187.00 |
| Occupancy: | Tenant |
| Address: | 59 Saunby Street North , London North, N6G 1A4, Middlesex |
| Acreage: | < .50 |
| Directions/Cross Streets: | Close to Wharncliffe Rd. N. |
| Rooms: | 20 |
| Bedrooms: | 14 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Half |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bedroom | 15.09 | 11.38 | |
| Room 2 | Main | Bedroom | 14.3 | 11.18 | |
| Room 3 | Main | Bedroom | 13.48 | 12.89 | |
| Room 4 | Main | Bedroom | 10.07 | 10 | |
| Room 5 | Second | Bedroom | 16.1 | 12.89 | |
| Room 6 | Second | Bedroom | 11.91 | 9.09 | |
| Room 7 | Second | Bedroom | 11.91 | 8.4 | |
| Room 8 | Second | Bedroom | 14.69 | 11.55 | |
| Room 9 | Second | Bedroom | 11.18 | 8.89 | |
| Room 10 | Second | Bedroom | 11.09 | 8.59 | |
| Room 11 | Basement | Bedroom | 12.89 | 8.1 | |
| Room 12 | Basement | Bedroom | 14.1 | 10.1 | |
| Room 13 | Basement | Bedroom | 12.79 | 8.89 | |
| Room 14 | Basement | Bedroom | 14.3 | 11.18 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Second |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Second |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Second |
| Washroom Type 12 | 4 | Main |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Second |
| Washroom Type 17 | 4 | Main |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Duplex |
| Style: | Other |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 5 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | Other |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 5000 + |
| Property Features: | School |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Water: | Water Sys |
| Water Supply Types: | Water System |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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|
Bikramjit Sharma
Broker
Dir:
647-295-0028
Bus:
905 456 9090
Fax:
905-456-9091
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Middlesex |
| Municipality: | London North |
| Neighbourhood: | North K |
| Style: | Other |
| Approximate Age: | 51-99 |
| Tax: | $9,187 |
| Beds: | 14 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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