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Listing content provided by CREA DDF®. Not intended to solicit properties currently listed for sale.

1 RATHGAR Street | Sanket Patel Calgary REALTOR(R)

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$369,995

For Sale

4 bed · 2 bath

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For Sale

$369,995

MLS® 40825152

1 RATHGAR Street

London, Ontario, N5Z1Y3

Beds / Baths: 4 bed · 2 bath
Interior: 1,505 sqft
Property type: Multi-family
Building: Duplex
Year built: 1909
Lot size: 0.061 acres

Property facts

Beds / Baths: 4 bed · 2 bath
Interior: 1,505 sqft
Property type: Multi-family
Building: Duplex
Transaction: For Sale
Year built: 1909
Lot size: 0.061 acres
Parking: 2
Ownership: Freehold

About this property

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 $1,795/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 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. (id:53361)

Features & details

Sewer: Municipal sewage system
Water: Municipal water
Cooling: None
Heating: Forced air, Natural gas
Parking: Open
Basement: Unfinished, Partial
Exterior: Vinyl siding
Amenities: School Bus, Community Centre, Industrial Park
Fireplace: false
Zoning: R2-2
Fencing: Fence
Photos Count: 50
Tax Annual Amount: 4375
Originating System: Cornerstone Association of REALTORS®
Number Of Units Total: 2
Internet Address Display: true

Location

1 RATHGAR Street, London, Ontario, N5Z1Y3

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The listing content is protected by copyright owned by CREA or its member Boards / Associations. Listing data is believed to be reliable but is not guaranteed by CREA or this brokerage.