2 Saunby Street
London North, ON
- 6 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
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.
Listing Details
- Taxes (2026)
- $6,166
- Listed
- September 23, 2026
Price History
Property
- Style
- Bungalow
- Age
- 51-99
- Construction
- Concrete Block, Shingle
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Accessory Apartment, In-Law Capability
- Lot Size
- 65.72 x 151.53 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Gunn Street
- Zoning
- R2-3 (2)
- Parcel Number
- 082470232
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Included
- Inclusions
- FRIDGE X2, STOVE X2, MICROWAVE X2, WASHER, DRYER
- Exclusions
- TENANT'S BELONGINGS
- Rental Items
- HOT WATER TANK
Waterfront
- Water Body
- Thames River
- Shoreline
- Unknown
- Docking
- None
Schools
Elementary
- Jeanne-Sauvé Public School0.4 km
Public · Thames Valley DSB · 305 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 58% met the provincial standard
- St Georges Public School1.2 km
Public · Thames Valley DSB · 275 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Eagle Heights Public School1.3 km
Public · Thames Valley DSB · 1160 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 50% met the provincial standard
Secondary
- London Central Secondary School1.5 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
- Catholic Central High School2 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School2.3 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6G
- Population
- 50,940
- Private dwellings
- 20,315
- Median age
- 36.4
- Average household size
- 2.7
- Median household income
- $96,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London North · last 12 months
- Median sold price
- $650,000
- Homes sold
- 1,349
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 1,349 recorded sales of residential freehold properties in London North over the last 12 months.
Listed by
RE/MAX CENTRE CITY REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$143,600
Estimated Monthly Payment
$3,527
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,527/mo (20% down, 5.5%)
Taxes: $514/mo · Insurance: $180/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions This well-appointed duplex bungalow features a fully finished lower level and an outstanding location near downtown London and Western University.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?