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1 Rathgar Street London, Ontario N5Z 1Y3

5 Bedroom 2 Bathroom 1505 sqft
Central Air Conditioning Forced Air

$348,888

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. Oppurtunity knocks, it’s calling the right buyer with high rent potential ($3100+/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 incorporating part of the main level. Consideration for adding addtional unit(s) will be at the discretion of the Buyer and entirelt up to 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 and is currently vacant. 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. (id:63008)

Property Details

MLS® Number 40753864
Property Type Multi-family
AmenitiesNearBy Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
CommunityFeatures Industrial Park, Community Centre, School Bus
EquipmentType Water Heater
Features Crushed Stone Driveway
ParkingSpaceTotal 2
RentalEquipmentType Water Heater
Structure Shed

Building

BathroomTotal 2
BedroomsTotal 5
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1909
CoolingType Central Air Conditioning
ExteriorFinish Vinyl Siding
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1505 Sqft
Type Duplex
UtilityWater Municipal Water

Land

AccessType Road Access, Highway Access
Acreage No
FenceType Fence
LandAmenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 91 Ft
SizeFrontage 29 Ft
SizeIrregular 0.061
SizeTotal 0.061 Ac|under 1/2 Acre
SizeTotalText 0.061 Ac|under 1/2 Acre
ZoningDescription R2-2

https://www.realtor.ca/real-estate/28641254/1-rathgar-street-london

Nathan Blanco
Salesperson


Exp Realty
7-871 Victoria Street North Unit: 355
Kitchener, Ontario N2B 3S4

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