49
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$349,900
Est. payment /mo
4 Beds
2 Baths
1,505 SqFt
Active
1 RATHGAR Street London, ON N5Z1Y3
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $232
Subdivision East L
MLS® Listing ID 40786920
Bedrooms 4
Year Built 1909
Lot Size 2,657 Sqft
Acres 0.061
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Fence Fence
Community Features Industrial Park, Community Centre, School Bus
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 1.5
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by EXP REALTY
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