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$369,995
Ontario,London
For Sale Active
1 RATHGAR Street, London, Ontario N5Z1Y3
  • 4
  • 2
  • 1,505 Sqft
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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. With felxible Closing and substantial deposit option exists to provide a unit vacant upon Closing. Opportunity knocks for investors and could be open to owners looking for a mortgage helper opportunity

to occpuy a unit. As a solid income property, the three bed Unit 1B is rented at $1,750/mo + hydro currently [Unit 1B is a split level three bedroom unit with unfinished basement] and $1,150/mo + hydro currently for Unit 1A [main level one bedroom unit]; both units have a single parking space included. 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 to add more finsihed rooms (clear height would not faciliate legal bedrooms below grade). Both units feature seperate entrances and Unit 1B also has backyard access. 1 Rathgar Street is a solid dual income rental property or well suited for an individual or couple looking for income offset potential to live in one unit and use the rental inome to help pay down the mortgage. Property includes kitchen appliances and laundry in each unit. 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. This property will remain in feeder school district for Thames Valley School Baord for Aberdeen PS with redrawing of districts set to take effect in September 2026. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40825152
  • Price: $369,995
  • 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: Unfinished, Partial
  • Fence: Fence
  • Parking: Open
  • 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' 30.1''
  • 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: 4375
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Listing updated: 2026-04-30 11:11:40
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Listing Information
  • List Agent Key: 2237273
  • List Office Key: 290392
  • Modification Timestamp: 2026-04-28T23:40:19Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-04-28T23:31:00Z
Powered by REALTOR.ca
Listing updated: 2026-04-30 11:11:41
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