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1 RATHGAR Street
Description
This turnkey rental property is legal side-by-side 1.5 story duplex near London's core; featuring a separately metered very spacious split level two bed unit with basement and a main level one bed unit. 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 $1,795/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 income to help pay down the mortgage. Seller willign to negotiate to provide one or both of the units vacant for Closing. Roof replaced new in 2026. 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:50861)
Property details
- Property type
- Multi-family
- Building type
- Duplex
- Living area
- 1,505 sq ft
- Lot size
- 0.06 acres
- Year built
- 1909
- Annual taxes
- $2,733
- Parking
- Open
- Heating
- Forced air, Natural gas
- Cooling
- None
- MLS® number
- 40825152
Mortgage calculator
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Location
Listed by: Exp Realty. Data provided via CREA’s DDF® and deemed reliable but not guaranteed. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.