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.
Address
2 Saunby Street
List Price
$718,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
London North
Sub-Area
North K
Region
Middlesex
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
13
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Depth
151.53
Lot Shape
Irregular
Lot Irregularities
49.60 ft x 88.66 ft x 22.93 ft x 39.81 f
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
65.72
Parcel Number
082470232
Occupant Type
Owner+Tenant
Cross Street
Gunn Street
Approx. Age
51 - 99 Years
MLS® Number
X13818204
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement Area
Full, Finished
Postal Code
N6G 1A1
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$6,165.79
Tax Year
2026
Site Influences
Cul de Sac/Dead End, Greenbelt/Conservation, River/Stream, School Bus Route, Waterfront
Interior Features
Accessory Apartment, In-Law Capability
Property Features
Cul de Sac/Dead End, Greenbelt/Conservation, River/Stream, School Bus Route, Waterfront
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Disclosures
Unknown
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Concrete Block, Shingle
Direction Faces
North
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PART LOT 15 & 16, PLAN 43(W), DESIGNATED AS PART 1, 33R20979 CITY OF LONDON
Security Features
Monitored
View Type
Bridge, City, Forest, River, Trees/Woods, Water
Water View
Direct
Waterfront
Yes
Docking Type
None
Waterfront
Indirect
Waterfront Accessory
Not Applicable
Waterfront Features
Not Applicable
Water Body Name
Thames River
Water Body Type
River
Shoreline
Unknown
Shoreline Allowance
None
Access To Property
Year Round Municipal Road
Alternative Power
Unknown
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 5.91 x 3.93 Meters | |
| Main | Kitchen | 5.66 x 4.24 Meters | |
| Main | Bathroom | 2.33 x 1.99 Meters | |
| Main | Primary Bedroom | 4.03 x 4.38 Meters | |
| Main | Bedroom 2 | 3.58 x 3.16 Meters | |
| Main | Bedroom 3 | 3.49 x 3.16 Meters | |
| Lower | Living Room | 5.92 x 4.09 Meters | |
| Lower | Kitchen | 5.29 x 2.94 Meters | |
| Lower | Bedroom 4 | 3.27 x 3.58 Meters | |
| Lower | Bedroom 5 | 2.98 x 3.58 Meters | |
| Lower | Bathroom | 2.97 x 3.58 Meters |