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For saleListed 17 days agoMLS® X13818204

2 Saunby Street, London North, ON

North K, London North · Thames River · View map

$718,000
6Beds
2Baths
1100-1500Sq ft
Thames RiverWaterbody
BungalowStyle
< .50Lot
Year Round Municipal RoadAccess
$6,166/yrTaxes
51-99Age
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$718,000
Direct waterfrontOn Thames River
Four-seasonBuilt for year-round use

About this property

DUPLEX ON THE THAMES RIVER!!! Exceptional investment opportunity with strong multi-unit income potential. This well-appointed duplex bungalow features a fully finished lower level and an outstanding location near downtown London and Western University. Residents enjoy convenient access to a wide range of amenities within walking distance, along with nearby public transit at Oxford Street and Western Road. The property also borders the Thames River and offers beautiful views of the river, Gibbons Park, and London's iconic Thames-Oxford Railway Bridge. The main level features three spacious bedrooms, a full kitchen, and a complete bathroom. The lower unit offers an additional three bedrooms, a separate full kitchen, and a full bathroom-providing versatile rental options and comfortable living space for tenants. Previously generating more than $51,000 in annual net income, based on rental income of approximately $717 per bedroom per month plus utilities, this property is designed for efficient cash flow. Both units are separately metered for hydro, while gas heating and water costs are shared between the tenants. With its rare riverfront setting, flexible layout, and proximity to downtown and Western University, this is a unique turnkey investment opportunity offering excellent long-term value. Don't miss your chance to own one of London's most distinctive income properties.

The property

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Parking
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Estimated monthly cost—Mortgage, property tax and insurance
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  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

Estimates for illustration only. Recreational property can need a larger down payment and a different rate than a city home. See how cottage financing works.

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2 Saunby Street, London North, ON

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Listing courtesy of RE/MAX CENTRE CITY REALTY INC.. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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