1 Rathgar ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N5Z 1Y3
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East L
MLS Listing ID X12301552
Style 1 1/2 Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $2,564
Tax Year 2024
Property Sub-Type Duplex
Property Description
1 Rathgar Street is now being offered with fully vacant possession guarenteed upon Closing! This legal side by side duplex near London's core features a three bed and two bed unit. Oppurtunity knocks, its calling the right buyer to add ample upside through a full renovation of the interior with high rent potential. This would make for a suitable purchase for a seasoned investor, ambitious first time investor or skilled tradesperson as securing this property comes with plenty of value add possible. This handyman special property is a majority of above ground square footage on ground level and a lofted upper level in both units. Both units feature seperate entrances and one unit also has backyard access. For those open to the consideration that this property needs ample renovation of the full interior(and possible exterior work); the oppurtunity could exist as a 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. 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. Because of the nature of this sale and the property being in need of a lot of loving attention to bring forward its best and since the current owner has never resided in the subject property, it is being sold in "as is/ where is" condition where the property will not be sold with any warrenties. The interior of the property will be moderately remidiated by the Seller prior to closing. Preference will be given to offers with a quicker closing (closings must be on or past August 7th,2025) .
Location
Province ON
County Middlesex
Community East L
Area Middlesex
Zoning R2-2
Rooms
Basement Unfinished,Partial Basement
Kitchen 2
Interior
Interior Features Accessory Apartment,Water Meter,Separate Hydro Meter
Cooling Central Air
Inclusions 2 Fridges, 2 Stoves
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Foundation Concrete Block
Others
ParcelsYN No