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$349,900
Available - For Sale
Listing ID: X12527174
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.
Price $349,900
Taxes: $2,733
Assessment Year: 2025
Occupancy by: 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
Washrooms: 2
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 18.40
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 6.00 10.43
Room 14: Basement Laundry 10.23 9.51
Room 15: Basement Laundry 18.93 17.74
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Main
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Main
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Main
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
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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EXP REALTY

1 Rathgar Street , London East, N5Z 1Y3, Middlesex

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MD Ashraful Bari
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East L
Style: 1 1/2 Storey
Lot Size: x 91.33(Feet)
Approximate Age: 100+
Tax: $2,733
Maintenance Fee: $0
Beds: 4
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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