1 Rathgar Street Open House Save Request In-Person Tour Request Virtual Tour
London,ON N5Z 1Y3
OPEN HOUSE
Sun Nov 16, 2:00am - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex Side/Side
Listing Status Active
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $232
MLS Listing ID 40786920
Bedrooms 4
Abv Grd Liv Area 1,505
Year Built 1909
Annual Tax Amount $2,733
Lot Size 2,657 Sqft
Acres 0.061
Property Sub-Type Duplex Side/Side
Source Cornerstone
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 ($3,400+/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 rental inome to help 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. Kitchen appliances to be added. 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
Area East
Zoning R2-2
Direction From Adelaide St N take Little Simcoe St going Eastbound; Take Rathgar St going Southbound; Property at end of Rathgar St on West side (corner lot at Rathgar St & Little Grey St)
Rooms
Other Rooms Shed(s)
Basement Separate Entrance,Walk-Up Access,Full,Unfinished
Kitchen 0
Interior
Interior Features Accessory Apartment,Separate Hydro Meters,Other
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Instant Hot Water
Laundry In-Suite
Exterior
Exterior Feature Private Entrance,Separate Hydro Meters,Year Round Living
Fence Full
Roof Type Asphalt Shing
Street Surface Paved
Lot Frontage 29.42
Lot Depth 91.33
Garage No
Building
Lot Description Rectangular,Business Centre,City Lot,Highway Access,Hospital,Industrial Park,Library,Major Anchor,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,School Bus Route,Schools,Shopping Nearby,Other
Faces From Adelaide St N take Little Simcoe St going Eastbound; Take Rathgar St going Southbound; Property at end of Rathgar St on West side (corner lot at Rathgar St & Little Grey St)
Story 1
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Aberdeen Public School; St. Bernadette Catholic Elementary School
High Schools Central Ss; Hb Beal Ss; Catholic Central Hs
Others
Senior Community No
Tax ID 083090035
Ownership Freehold/None
Virtual Tour https://unbranded.youriguide.com/1_rathgar_street_london_on/