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$349,900

Est. payment - /mo

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4 Beds

2 Baths

1,500 SqFt

Active

1 RATHGAR STREET London East (east L), ON N5Z1Y3

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Mica Sadler

mica.sadler@exprealty.com +1(519) 589-3521

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $233

Subdivision East L

MLS® Listing ID X12527174

Bedrooms 4

Source London and St. Thomas 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 hospi (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.82 m X 2.82 m Bedroom 2

Extra Room 2 Second level 5.08 m X 3.12 m Bedroom 3

Extra Room 3 Basement 3.12 m X 2.9 m Laundry room

Extra Room 4 Basement 5.77 m X 5.41 m Laundry room

Extra Room 5 Basement 3.2 m X 4.42 m Utility room

Extra Room 6 Main level 3.1 m X 3.73 m Living room

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

Fence Fully Fenced

Community Features School Bus, Community Centre

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Others

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Listed by EXP REALTY

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Mica Sadler

CEO | REALTOR®

+1(519) 589-3521

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Kitchener, ON

1 RATHGAR STREET London East (east L), ON N5Z1Y3

Mica Sadler

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1 RATHGAR STREET