- Bedrooms
- 6
- Bathrooms
- 2
- Size
- 1,100–1,500sq ft
- Per sq ft
- $552at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $6,1662026 tax year
- Built
- 51-99
- Parking
- 6none
- Days on market
- Members
The brief
About 2 Saunby St
2 Saunby St is a 6-bedroom, 2-bathroom detached house in North K, London North, listed for sale at an asking price of $718,000 (MLS® X13818204).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall44/100−$590/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 detached homes with 6 bedrooms for lease in London North right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,166 / 2026
- MLS® number
- X13818204
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 65.72 x 151.53 ft
- Listed on
- Parking
- None, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- North K
- Municipality
- London North
Building
- Size
- 1100-1500 sqft
- Building Age
- 51-99
- Construction
- Concrete Block
Inside
- Bedrooms
- 6
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc Lower
- Basement Type
- Full
- Kitchens
- 2
Parking
- Driveway
- Pvt Double
- Garage Type
- None
- Additional Parking
- 6
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 65.72 ft
- Depth
- 151.53 ft
- Lot Size
- 65.72 x 151.53 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- FRIDGE X2, STOVE X2, MICROWAVE X2, WASHER, DRYER
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.93 × 5.91 m | — | Main |
| Kitchen | 4.24 × 5.66 m | — | Main |
| Bathroom | 1.99 × 2.33 m | — | Main |
| Primary | 4.38 × 4.03 m | — | Main |
| 2nd Br | 3.16 × 3.58 m | — | Main |
| 3rd Br | 3.16 × 3.49 m | — | Main |
| Living | 4.09 × 5.92 m | — | Lower |
| Kitchen | 2.94 × 5.29 m | — | Lower |
| 4th Br | 3.58 × 3.27 m | — | Lower |
| 5th Br | 3.58 × 2.98 m | — | Lower |
| Bathroom | 3.58 × 2.97 m | — | Lower |
Listing history
Buy/sell history for 2 Saunby St, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $718,000 | N/A | For Sale | X13818204 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $143,600
- Total mortgage amount
- $574,400
- Total interest payment
- $408,400
- Total purchase cost
- $1,126,400
- Mortgage payment
- $3,276/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
34%Monthly carrying cost
$3,790- Rent $3,200
- Shortfall $590
Rental income opens at $3,200, the median asking rent of 7 comparable homes for lease in London North. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $10,835
- Total land transfer tax
- $10,835
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $6,835
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $718,000
- $6,360
- Ontario total
- $10,835
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 65.72 ft20 m
- Depth
- 151.53 ft46.2 m
- Lot size
- Under 0.50 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 mIt was drilled for domestic use; 6 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.250 m
- Bedrock about 22.9 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.9 km8.9 km
Province of Ontario open data
Around the home2
- Nearest rail line: 70 m70 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Labatt Brewing Company Ltd, 2.3 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in North K right now
- For sale now
- 13
- Median asking price
- $700K
- New in 7 days
- 1
- Price cuts
- 15%
Middle half: $600K to $759K
3 in 28 days
2 listings
This home is asking 3% above the median.
See all homes in North KAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Jeanne-Sauvé Public SchoolThames Valley DSB | Public · grades JK–8 · French Immersion | 400 m | 82%Grade 6 average |
| St Georges Public SchoolThames Valley DSB | Public · grades JK–8 | 1.2 km | 86%Grade 6 average |
| St Michael Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1.8 km | 82%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3.7 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.5 km | 81%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2 km | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.4 km | 56%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 3.4 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in North K are shown to signed-in members.