1 Rathgar Street, London East (East L) ON

About 1 Rathgar Street

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. Oppurtunity knocks, its calling the right buyer with high rent potential ($3200+/month for both units; more for ambitious Buyer that opts to add an additional unit). 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 unfinsihed basement space offering lots of development potential. Both units feature seperate entrances and one unit also has backyard access. 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. Clear height of basement throughout majority of basement is around 6 5"; making it viable for additonal finished space or possibly a future third unit incorporating part of the main level. Consideration for adding addtional unit(s) will be at the discretion of the Buyer and entirely up to their due dilligence. Property is being sold "as is/ where is" without any warrenties from the Seller. Property is now being offered with vacant possession and is currently vacant. 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. (id:56071). Get more information on 1 Rathgar Street

Property Features

Appliances:  Water meter, Water Heater - Tankless
Features:  Flat site, Dry
Rental Equipment:  Water Heater - Tankless, Water Heater - Gas, Water Heater
Directions:  Cross Streets: Little Simcoe St/ Little Grey St. ** Directions: From Adelaide St N take Little Simcoe St going Eastbound; Take Rathgar St going Southbound; Property at end of Rathgar St on West side (corner lot at Rathgar 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 / None
Age: 100+ years
Foundation: Block
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes

Bedroom 2 Second level 2.82 m x 2.82 m	Bedroom 3 Second level 5.08 m x 3.12 m	Laundry room Basement 3.12 m x 2.9 m
Laundry room Basement 5.77 m x 5.41 m	Utility room Basement 3.2 m x 4.42 m	Living room Main level 3.1 m x 3.73 m
Kitchen Main level 2.64 m x 2.64 m	Bathroom Main level 1.96 m x 1.96 m	Bedroom Main level 2.52 m x 2.79 m
Living room Main level 3.35 m x 5.61 m	Kitchen Main level 3.1 m x 3.91 m	Bedroom Main level 4.93 m x 3.1 m
Foyer Main level 2.77 m x 1.6 m	Bathroom Main level 2.77 m x 0.99 m	Office Main level 2.18 m x 2.13 m
Sitting room Upper Level 1.83 m x 3.18 m