Property Information:

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 $1,750/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. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Unfinished
Basement Type: Partial
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Fire Protection: Smoke Detectors
Floor Space: 1505 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Access Type: Road access, Highway access
Amenities Nearby: Hospital, Park, Playground, Public Transit, Schools, Shopping
Built in: 1909
Community Features: Industrial Park, Community Centre, School Bus
Fence Type: Fence
Floor Space (approx): 1505 Square Feet
Irregular: Yes
Lot Depth: 91 Feet
Lot Frontage: 29 Feet
Lot Size: 0.06 Acres
Structure Type: Shed
Utility Type: Hydro - Available, Natural Gas - Available, Telephone - Available, Cable - Available
Zoning: R2-2
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 2

Rooms:

Bedroom 2nd Level 9'0'' x 9'10''
Bedroom 2nd Level 15'3'' x 10'1''
Utility Basement Level 16'2''
Storage Basement Level 11'9''
Kitchen Main Level 10'2'' x 13'4''
Living Main Level 10'3'' x 16'5''
Bedroom Main Level 11'1'' x 19'0''
Bathroom Main Level 9'1'' x 6'1''
Kitchen Main Level 8'10'' x 9'1''
Living Main Level 10'4'' x 6'7''
Dining Main Level 10'4'' x 7'7''
Bedroom Main Level 9'2'' x 8'3''
Bathroom Main Level 6'1'' x 6'5''

Courtesy of: EXP REALTY

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Demographic Information of 1 RATHGAR Street, London, Ontario, N5Z 1Y3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,516.63

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.89 %

High school certificate or equivalent

35.1 %

Apprenticeship trade certificate/diploma

6.57 %

College/non-university certificate

18.88 %

University certificate (below bachelor)

0.57 %

University Degree

6.99 %

Commuter

Travel To Work

By Car

77.74 %

By Public Transit

13.06 %

By Walking

5.56 %

By Bicycle

0.0 %

By Other Methods

3.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.74 %

Houses

66.26 %

1 RATHGAR Street, London, Ontario, N5Z 1Y3