1 Rathgar ST, London East, ON N5Z 1Y3
1 Rathgar ST, London East, ON N5Z 1Y3
1 Rathgar ST, London East, ON N5Z 1Y3
1 Rathgar ST, London East, ON N5Z 1Y3
1 Rathgar ST, London East, ON N5Z 1Y3
1 Rathgar ST, London East, ON N5Z 1Y3
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Jim Straughan

Jim Straughan

+1(519) 872-6616
$ 369,995
Est. payment | /mo

4 Beds

2 Baths

Save
$ 369,995
Est. payment | /mo
Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East L

MLS Listing ID X13055766

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $4,375

Tax Year 2025

Property Sub-Type Duplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-2

Rooms

Basement Unfinished, Walk-Up, Development Potential, Partial Basement

Kitchen 2

Interior

Interior Features On Demand Water Heater, Separate Hydro Meter, Carpet Free, Primary Bedroom - Main Floor

Cooling None

Inclusions 2 Fridges, 2 Stoves, 1 Washer, 1 Dryer, 1 Washer/Dryer Combo Unit, Furnance

Exterior

Exterior Feature Lighting, Porch, Year Round Living, Deck

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 2

Building

Building Age 100+

Foundation Concrete Block

Others

ParcelsYN No

Lited by EXP REALTY
Jim Straughan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(519) 872-6616

brokerjim@proton.me

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1 Rathgar ST