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Renanza Realty
For sale

1 RATHGAR STREET

London East (East L), Ontario

MLS® X13055766

$369,995

Status
Active
Property type
Multi-family
MLS® number
X13055766
Bedrooms
4
Bathrooms
2
Year built

Listing 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. With felxible Closing and substantial deposit option exists to provide a unit vacant upon Closing.

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 inome to help pay down the mortgage. 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.

Property summary

MLS® number
X13055766
Property type
Multi-family
Building type
Duplex
Land size
29.4 x 91.3 FT ; 91.33 x 28.69 x 91.26 x 29.46 ft
Annual property taxes
$4,375.00
Parking
2 spaces · No Garage
Days on market
127 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Basement
Unfinished, Partial, Walk-up, N/A, N/A
Appliances
Washer, Water meter, Dryer, Two stoves, Water Heater - Tankless, Two Refrigerators
Exterior features
Vinyl siding
Lot features
Lighting, Carpet Free
Community features
School Bus, Community Centre

What would this home cost you?

Based on the $369,995 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,722 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of EXP REALTY, LONDON.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.