519-670-3027

hinschy@rogers.com

RE/MAX Centre City Realty Inc., Brokerage

For sale · MLS® X13818204

2 Saunby Street

London, ON N6G 1A1

$718,000

  • 6 bed
  • 2 bath
  • Bungalow

Riverfront duplex on the Thames, minutes from Western

Duplex on the Thames River. An exceptional investment opportunity with strong multi-unit income potential: a well-appointed duplex bungalow with a fully finished lower level, near downtown London and Western University, with transit at Oxford Street and Western Road a short walk away.

The property borders the Thames River, with views of the river, Gibbons Park and London's Thames-Oxford Railway Bridge. The main level has three spacious bedrooms, a full kitchen and a full bathroom. The lower unit has three more bedrooms, its own full kitchen and a full bathroom, giving flexible rental options.

Previously generating more than $51,000 in annual net income, based on rent of about $717 per bedroom per month plus utilities. Both units are separately metered for hydro; gas heating and water are shared. A rare riverfront setting close to downtown and Western, and a turnkey income property with excellent long-term value.

  • Finished basement
  • Separate entrance
  • Central air
  • Backs onto green space
  • River view
  • Two kitchens

Key facts

Status
For sale
Property type
Bungalow
Bedrooms
6
Bathrooms
2
Lot size
65.7 x 151.5 ft, irregular
Annual taxes
$6,166
MLS® number
X13818204

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Estimate only, not financial advice. Uses Canadian semi-annual compounding. Down payments under 20% need mortgage default insurance, which is not included.

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