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North K, London North
$759,000
ATTENTION INVESTORS! Residential Rental Unit License (RRUL) in place, 6-BDRM & 2-4pc-BTH DWELLING. ALL 6 BDRMS RENTED AT $750/MONTH! An outstanding opportunity to add a purposefully designed six-LARGE-bedroom & 2-4pc bathroom raised bungalow to your investment portfolio. Built in 1995, this 2,319 sq. ft. all-brick home offers a thoughtfully designed 3+3 floor plan with an open-concept main level that maximizes space and functionality. Whether you're looking for a student rental, multi-generational living, or long-term investment potential, this property offers exceptional flexibility. Featuring 6 oversized bdrms and 2 spacious 4-pc bthrms, every bdrm easily accommodates a queen-size bed, desk, dresser, and additional furniture. The 3 lower-level bdrms feature large windows, creating bright, comfortable living spaces. Open-concept main level features a spacious living rm, separate dining area, and generously sized, bright eat-in kitchen, creating an inviting space for everyday living, entertaining, or shared accommodations. Recent improvements include new laminate flooring throughout most of the home, freshly painted interiors, carpet-free living spaces, a 6-month-old air conditioner, and furnace (2015). The durable all-brick exterior and low-maintenance lot with minimal grass to cut make this an easy property to own and maintain. The home's practical layout also offers excellent potential for future wheelchair accessibility, adding long-term versatility. Minutes from Western University, King's University College, University Hospital, downtown London, shopping, restaurants, parks, and public transit, this property is ideally positioned to attract strong rental demand while also appealing to future owner-occupants. Whether you're expanding your investment portfolio, purchasing for university-bound students, or planning for future family use, 25 Saunby St combines generous room sizes, a thoughtfully designed layout, and low-maintenance ownership.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,465 |
| Lot Size | 26.24 ft x 150.56 ft |
| mls© Number | X13597898 |
| Listed By | RE/MAX TWIN CITY REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,885
- Property tax
- $455
- Heat allowance
- $150
- Housing costs
- $4,490 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$138,000
gross annual household income
- Payment at 4%
- $3,194 / mo
- Cash down
- $151,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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