$339,900
 $1,825 est/mo Sourced by Back At You

1 Rathgar Street,London, ON N5Z1Y3

London, ON N5Z1Y3

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Description

This turnkey rental property is legal side-by-side 1.5 story duplex near London's core; featuring a separately metered very spacious split level two bed unit with basement and a main level one bed unit. 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 income to help pay down the mortgage. Seller willign to negotiate to provide one or both of the units vacant for Closing. Roof replaced new in 2026. 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. (id:13843)

Details

MLS #40825171
Listing TypeFor Sale
StyleHouse
StatusActive
Year1909
Days On Site186
Listing Provided ByEXP REALTY | Nathan Blanco

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,505
BasementY
Story(s)1
ZoningR2-2
Acreage0.06

Interior

CoolingNone
HeatingForced air, Natural gas
Fireplace Yes / NoNo

Exterior

Security FeaturesSmoke Detectors
Foundation DetailsBlock
FencingFence

Parking

Parking FeaturesOpen
Parking Total2

Utilities

UtilitiesNatural Gas, Electricity, Cable, Telephone
SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount2733

Area Information

ProvinceON
CityLondon
Postal CodeN5Z1Y3
Community NameEast L
Listing VS Median (in East L)
Price:
$339,900
low | high
Med:
$339,900
50% of Average
sqft:
1,505
low | high
Med:
1,505
50% of Average
$ / sqft:
$226
low | high
Med:
$226
50% of Average
On site:
186
low | high
Med:
186
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityLondon
Postal CodeN5Z1Y3
Community NameEast L
Listing VS Median (in East L)
Price:
$339,900
low | high
Med:
$339,900
50% of Average
sqft:
1,505
low | high
Med:
1,505
50% of Average
$ / sqft:
$226
low | high
Med:
$226
50% of Average
On site:
186
low | high
Med:
186
100% of Average
Sourced by Back At You
Listing Updated: October 22, 2026 at 8:53:38 PM PDT