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$ 349,900
Est. payment /mo
New
1 Rathgar ST London East, ON N5Z 1Y3
4 Beds
2 Baths
UPDATED:
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 X12527174
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $2,733
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. 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.
Location
Province ON
County Middlesex
Community East L
Area Middlesex
Zoning R2-2
Rooms
Basement Unfinished, Full
Kitchen 2
Interior
Interior Features Accessory Apartment, Water Meter, Separate Hydro Meter, Primary Bedroom - Main Floor, On Demand Water Heater
Cooling None
Inclusions None
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Building Age 100+
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/1_rathgar_street_london_on/
Lited by EXP REALTY