50
See all 50 photos
$339,900
Est. payment /mo
4 Beds
2 Baths
2,657 Sqft Lot
Price Dropped by $30K
1 Rathgar ST London East, ON N5Z 1Y3
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East L
MLS Listing ID X13055838
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $2,733
Tax Year 2025
Lot Size 2,657 Sqft
Property Sub-Type Detached
Property Description
This turnkey rental property is legal side-by-side 1.5 story duplex near London's core; featuring a separately metered very spacious split level two bed unit with basement and a main level one bed unit. 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 income to help pay down the mortgage. Seller willign to negotiate to provide one or both of the units vacant for Closing. Roof replaced new in 2026. 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.
Location
State ON
County Middlesex
Area Middlesex
Zoning R2-2
Rooms
Basement Unfinished, Walk-Up, Development Potential, Partial Basement
Kitchen 2
Interior
Interior Features On Demand Water Heater, Separate Hydro Meter, Carpet Free, Primary Bedroom - Main Floor
Cooling None
Exterior
Exterior Feature Lighting, Porch, Year Round Living, Deck
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Building Age 100+
Foundation Concrete Block
Others
ParcelsYN No
Lited by EXP REALTY
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