5 Beds 2 Bath

1 Rathgar Street, London East, ON N5Z 1Y3

London East N5Z 1Y3 Ontario

MLS: X12301552

$348,888

Added 4 hours ago | For Sale

Listed by: EXP REALTY

About Property

This legal side-by-side 1.5 story duplex near London's core features a separately metered three bed unit and a spacious two bed unit. Oppurtunity knocks, its calling the right buyer with high rent potential ($3500/month for both units; more for ambitious Buyer that opts to add an additional unit[s]). 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 unfinsihed basement space offering lots of development potential. Both units feature seperate entrances and one unit also has backyard access. Solid dual income rental property or for someone 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 basement throughout majority of basement is around 6'5"; making it viable for additonal finished space or possibly a future third unit. Portion of main level could also be severed off as bachelor unit with seperate entrance for possible third unit for ambitious contractors. Consideration for adding addtional units will be at the discretion of the Buyer and their due dilligence. Property is being sold "as is/ where is" without any warrenties from the Seller. Property is now being offered with vacant possession. This property is close to the downtown core, near to many elementary, secondary and specialized schools, offers access to ample public transist routes, and is in close proximity to hospitals.

Features

  • House Style:Duplex
  • Bathrooms:2
  • Land Size: 29.42 X 91.33
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Little Simcoe St/ Little Grey St
  • Basement:Unfinished,Partial Basement , Unfinished,Partial Basement
  • Possession Date:Flexible (Past Aug 7th,2025)
  • Annual Property taxes: $2564
  • Bedrooms:5
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12301552

Level Type Features Dimensions
Main Kitchen 10 ft, 6 in x 13 ft, 5 in

No property rooms available.

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