59 SAUNBY STREET N, London North (North K)
$1,350,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 14 bedrooms, 5 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X13880470
- Neighbourhood
- North K
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.
Sold data
Homes in North K — recent sold market
Homes in North K took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 42, across 38 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.
The median sale price was $649,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
- Median days to sell
- 28
- Median sale price
- $649,000
- Sale-to-list ratio
- 96.8%
- Sold above asking
- 8%
Based on 38 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London North (North K)
London North (North K) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London North (North K)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 59 SAUNBY STREET N
$1,300,000
Multiplex11+255,000–100,000 sqft500-502 COLBORNE STREET, East F, London East
$2,495,000
Multiplex15+4135,000–100,000 sqft41 ALBERT STREET, Blakeley, Hamilton
$2,100,000
Multiplex12115,000–100,000 sqft280 WEIR STREET N, Homeside, Hamilton
$2,900,000
Multiplex785,000–100,000 sqft1937 LAWRENCE AVENUE W, Weston, Toronto
$1,700,000
Multiplex1265,000–100,000 sqft221 HIGHVIEW DRIVE, St. Thomas, St. Thomas
$2,625,000
Multiplex12135,000–100,000 sqft214 WENTWORTH STREET S, Stinson, Hamilton
$2,600,000
Multiplex12125,000–100,000 sqft368 WEBER STREET W, Kitchener
$1,674,900
Multiplex1865,000–100,000 sqft167-177 WILSON STREET, Beasley, Hamilton