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 $1,750/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.
Address
1 Rathgar Street
List Price
$369,995
MLS® Status
New
Expiration Date
2027-04-30
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
London East
Sub-Area
East L
Region
Middlesex
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
12
Rooms Below Grade
2
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
91.33
Lot Shape
Rectangular
Lot Irregularities
91.33 x 28.69 x 91.26 x 29.46 ft
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
29.42
Parcel Number
083090035
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Little Simcoe St/ Little Grey St
Approx. Age
100+ Years
MLS® Number
X13055766
Listing Brokerage
EXP REALTY
Basement Area
Unfinished, Walk-Up, Development Potential, Partial Basement
Postal Code
N5Z 1Y3
Posession Details
Flexible/ Immediate Possible
Parking
Private, Private Double
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$4,375.00
Tax Year
2025
Site Influences
Deck, Fenced Yard, Lighting, Place Of Worship, Porch, Public Transit, Rec./Commun.Centre, School, School Bus Route, Year Round Living
Exterior Features
Lighting, Porch, Year Round Living, Deck
Interior Features
On Demand Water Heater, Separate Hydro Meter, Carpet Free, Primary Bedroom - Main Floor
Property Features
Fenced Yard, Public Transit, School, School Bus Route, Place Of Worship, Rec./Commun.Centre
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
West
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Other Structures
Fence - Full, Shed
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 14 PLAN 444(3RD); S/T & T/W 801465 LONDON
Security Features
Carbon Monoxide Detectors, Smoke Detector
Waterfront
No
Sewer
Sewer
