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.
Details
| MLS # | 40825171 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 185 |
| Listing Provided By | EXP REALTY | Nathan Blanco |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,505 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2-2 |
| Acreage | 0.06 |
Interior
| Appliances | Instant Hot Water |
|---|---|
| Rooms Total | 13 |
| Interior Features | Accessory Apartment, Separate Hydro Meters, Other |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In Basement, In-Suite, Main Level |
Exterior
| Exterior Features | Private Entrance, Separate Hydro Meters, Year Round Living |
|---|---|
| Lot Features | Urban, Rectangular, Business Centre, City Lot, Highway Access, Hospital, Industrial Park, Library, Major Anchor, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Other |
| Construction Materials | Vinyl Siding |
| Roof | Asphalt Shing |
| Fencing | Full |
| Foundation Details | Concrete Block |
| Security Features | Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s), Smoke Detector(s) |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Utilities | Cable Available, Electricity Connected, Garbage/Sanitary Collection, High Speed Internet Avail, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Available |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 2733 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5Z 1Y3 |
| Area | East |
| Subarea | East L |
| Community Name | East L |
| School District | Central Ss; Hb Beal Ss; Catholic |
| Elementary School | Aberdeen Public School; St. Bern |
| High School | Central Ss; Hb Beal Ss; Catholic |
| Listing VS Median (in East L) | |
Price: $339,900 low | high Med: $339,900 sqft: 1,505 low | high Med: 1,505 $ / sqft: $226 low | high Med: $226 On site: 185 low | high Med: 185 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5Z 1Y3 |
| Area | East |
| Subarea | East L |
| Community Name | East L |
| School District | Central Ss; Hb Beal Ss; Catholic |
| Elementary School | Aberdeen Public School; St. Bern |
| High School | Central Ss; Hb Beal Ss; Catholic |
| Listing VS Median (in East L) | |
Price: $339,900 low | high Med: $339,900 sqft: 1,505 low | high Med: 1,505 $ / sqft: $226 low | high Med: $226 On site: 185 low | high Med: 185 | |
