1 Rathgar Street, London East (East L) ON

About 1 Rathgar Street

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) . (id:56071). Get more information on 1 Rathgar Street

Property Features

Appliances:  Water meter, Two stoves, Two Refrigerators
Features:  Flat site, Dry
Rental Equipment:  Water Heater
Directions:  Little Simcoe St/ Little Grey St
Zoning Description:  R2-2
Interior Size:  1500 - 2000 sqft
Fence:  Fully Fenced
Community Features:  School Bus, Community Centre
Amenities:  Separate Electricity Meters
Lot:  29.4 x 91.3 FT ; 91.33 ft x 28.69 ft x 91.26 ft x 29.46ft|under 1/2 acre 29.4 x 91.3 FT ; 91.33 ft x 28.69 ft x 91.26 ft x 29.46ft
Exterior Finish:  Steel
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 100+ years
Foundation: Block
Basement:  Partial (Unfinished) Unfinished

Rooms & Sizes

Kitchen Main level 3.2 m x 4.1 m