1 Rathgar Street, London East, ON N5Z 1Y3
London East, ON, N5Z 1Y3 · East L
About this property
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.
Features & Amenities
- Basement: Unfinished, Walk-Up, Development Potential, Partial Basement
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 1 1/2 Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 1 1/2 Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Lot Size | 0 Feet |
| Basement | Unfinished, Walk-Up, Development Potential, Partial Basement |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $4,375 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- On Demand Water Heater, Separate Hydro Meter, Carpet Free, Primary Bedroom - Main Floor
Exterior Features
- Exterior Features
- Lighting, Porch, Year Round Living, Deck
- Other Structures
- Fence - Full, Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 1/2 Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Unfinished, Walk-Up, Development Potential, Partial Basement
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Private, Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.06
- Lot Size Units
- Feet
- Lot Depth
- 91.33
- Lot Width
- 29.42
- Lot Irregularities
- 91.33 x 28.69 x 91.26 x 29.46 ft
Community & Neighborhood
- Property Features
- Fenced Yard, Public Transit, School, School Bus Route, Place Of Worship, Rec./Commun.Centre
Financial & Tax
- Tax Annual Amount
- $4,375
- Tax Year
- 2025
- Tax Assessed Value
- $163,000
- Possession Type
- Flexible
- Possession Details
- Flexible; Immediate Possible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Rooms Below Grade
- 2
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
- Bedrooms Below Grade
- 0
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Middlesex
- Cross Street
- 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)
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
1 Rathgar Street, London East, ON N5Z 1Y3, London East, ON, N5Z 1Y3