$349,900
Available - For Sale
Listing ID: X12527174
1 Rathgar Street , London East, N5Z 1Y3, Middlesex
| 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 ($3,400+/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. |
| Price | $349,900 |
| Taxes: | $2733.00 |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 1 Rathgar Street , London East, N5Z 1Y3, Middlesex |
| Acreage: | < .50 |
| Directions/Cross Streets: | Little Simcoe St/ Little Grey St |
| Rooms: | 13 |
| Rooms +: | 3 |
| Bedrooms: | 4 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Unfinished, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 10.17 | 12.23 | |
| Room 2 | Main | Kitchen | 8.66 | 8.66 | |
| Room 3 | Main | Bathroom | 6.43 | 6.43 | 4 Pc Bath |
| Room 4 | Main | Bedroom | 8.27 | 9.15 | |
| Room 5 | Main | Living Ro | 10.99 | 18.4 | |
| Room 6 | Main | Kitchen | 10.17 | 12.82 | |
| Room 7 | Main | Bedroom | 16.17 | 10.17 | |
| Room 8 | Main | Foyer | 9.09 | 5.25 | |
| Room 9 | Main | Bathroom | 9.09 | 3.25 | 4 Pc Bath |
| Room 10 | Main | Office | 7.15 | 6.99 | |
| Room 11 | Second | Bedroom 2 | 9.25 | 9.25 | |
| Room 12 | Second | Bedroom 3 | 16.66 | 10.23 | |
| Room 13 | Upper | Sitting | 6 | 10.43 | |
| Room 14 | Basement | Laundry | 10.23 | 9.51 | |
| Room 15 | Basement | Laundry | 18.93 | 17.74 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Duplex |
| Style: | 1 1/2 Storey |
| Exterior: | Metal/Steel Sidi |
| Garage Type: | None |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Pool: | None |
| Other Structures: | Fence - Full, |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Arts Centre, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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CJ Gidda
Sales Representative
Dir:
647-289-2525
Bus:
905-364-0727
Fax:
905-364-0728
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East L |
| Style: | 1 1/2 Storey |
| Approximate Age: | 100+ |
| Tax: | $2,733 |
| Beds: | 4 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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