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. Opportunity knocks, it's calling the right buyer with high rent potential ($3,400+/month for both units [$2,000 for Unit 1B - split level three bedroom unit with unfinished basement and $1,400 for Unit 1A - main level one bedroom unit; each with their own parking space]; even more for a 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 unfinished basement space offering lots of development potential. Both units feature seperate entrances and one unit also has backyard access. 1 Rathgar Street is a solid dual income rental property or well suited for an individual, couple or family looking for income offset potential to live in one unit and use the rental inome to help pay down the mortgage. Clear height of the basement throughout the majority of basement is around 6'5"; making it viable for additional finished space or possibly a future third unit incorporating part of the main level. With the addition of a third unit rent potential could be truly maximized (with $4,300+/month [$1,700/month for modified Unit 1B - split level two bedroom unit , $1400/month for Unit 1A - main level one bedroom unit; and $1,200/month for newly added "Unit 1C" main and lower level studio unit, each with their own parking space]). Consideration for adding additional unit(s) will be at the discretion of the Buyer and entirely up to their due diligence. Property is being sold "as is/ where is" without any warranties from the Seller. Property is now being offered with vacant possession. Kitchen appliances to be added. 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.

Inclusions: None,2 Fridges, 2 Stoves, 2 Washers

Exclusions : None

Building Features:

Floor Space: 1505 Square Feet

Property Features:

Bedrooms: 4
Acres Range: < 0.5
Basement: Separate Entrance, Walk-Up Access, Full, Unfinished
Built in: 1909
Construction Materials: Vinyl Siding
Cooling: None
Driveway Parking: Front Yard Parking, Outside/Surface/Open, Private Drive Double Wide
Exterior Features: Private Entrance, Separate Hydro Meters, Year Round Living
Fencing: Full
Floor Space (approx): 1505 Square Feet
Heating: Forced Air, Natural Gas
Interior Features: Accessory Apartment, Separate Hydro Meters, Other
Laundry Features: In-Suite
Lot Depth: 91.33 Feet
Lot Features: Rectangular, Business Centre, City Lot, Highway Access, Hospital, Industrial Park, Library, Major Anchor, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Other
Lot Frontage: 29.42 Feet
Other Structures: Shed(s)
Road Frontage Type: Municipal Road, Public Road, Year Round Road
Road Surface Type: Paved
Roof: Asphalt Shing
Water Source: Municipal
Zoning: R2-2
Sewer: Sewer (Municipal)
No. of Parking Spaces: 2