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$349,900
Ontario,London
For Sale Active
1 RATHGAR Street, London, Ontario N5Z1Y3
  • 4
  • 2
  • 1,505 Sqft
Basic Details
Description

This legal side-by-side 1.5 story duplex near London’s core features a separately metered very spacious split level two bed unit with basement and a main level one bed unit. Opportunity knocks, it’s calling the right buyer with high rent potential ($3,200+/month for both units [$2,000 for Unit 1B – split level three bedroom unit with unfinished basement and $1,400 for

Unit 1A – main level one bedroom unit; each with their own parking space]; even more for a Buyer that opts to add an additional unit). This is a very large duplex, one of the larger ones in the area, above ground square footage on ground level and a lofted upper level in both units, along with unfinished basement space offering lots of development potential. Both units feature seperate entrances and one unit also has backyard access. 1 Rathgar Street is a solid dual income rental property or well suited for an individual, couple or family looking for income offset potential to live in one unit and use the rent from the other unit to pay down the mortgage. Clear height of the basement throughout the majority of basement is around 6’5; making it viable for additional finished space or possibly a future third unit incorporating part of the main level. With the addition of a third unit rent potential could be truly maximized (with $4,300+/month [$1,700/month for modified Unit 1B – split level two bedroom unit , $1400/month for Unit 1A – main level one bedroom unit; and $1,200/month for newly added Unit 1C main and lower level studio unit, each with their own parking space] ). Consideration for adding additional unit(s) will be at the discretion of the Buyer and entirely up to their due diligence. Property is being sold as is/ where is without any warranties from the Seller. Property is now being offered with vacant possession and is currently vacant. This property is close to the downtown core, near to many schools, offers access to ample public transit routes, and is in close proximity to hospitals. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40786920
  • Price: $349,900
  • Bedrooms: 4
  • Bathrooms: 2
  • Square Footage: 1,505 Sqft
  • Year Built: 1909
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 290392
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
  • Basement: Full, Unfinished
  • Fence: Fence
  • Exterior Features: Vinyl siding
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, London, East L, N5Z1Y3
  • Street: RATHGAR
  • Street Number: 1
  • Street Suffix: Street
  • Longitude: W82° 46' 30.2''
  • Latitude: N42° 58' 57.2''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Size Dimensions: 0.061
  • Number Of Units Total: 2
  • Stories: 1.5
Financial
  • Tax Annual Amount: 2733
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Listing updated: 2025-11-10 14:24:45
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Listing Information
  • List Agent Key: 2237273
  • List Office Key: 290392
  • Modification Timestamp: 2025-11-10T06:10:13Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2025-11-10T05:59:32Z
Powered by REALTOR.ca
Listing updated: 2025-11-10 14:24:45

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