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Listed 27 days ago

2 Saunby Street

North K, London North

$718,000

Detached|Bungalow
6 | 2 | 6
About this home

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.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,166
Lot Size65.72 ft x 151.53 ft
mls© NumberX13818204
Listed ByRE/MAX CENTRE 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%
$3,675
Property tax
$514
Heat allowance
$150
Housing costs
$4,339 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $143,600
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,021 / mo
Cash down
$143,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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