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$309,900
Available - For Sale
Listing ID: X12046878
1 Rathgar Street is a very large side by side legal duplex with seperately metered hydro to each unit and previously held a rental license. This property is being offered as the lowest priced duplex in London by a margin of almost a hundred thousand dollars at the point of this listing! Oppurtunity knocks, its calling the right buyer to add ample upside through a full renovation of the interior with high rent potential. This would make for a suitable purchase for a seasoned investor, ambitious first time investor or skilled tradesperson. The majority of above ground square footage is on the ground level, with a lofted upper level in both units. Both units feature seperate entrances and one unit has a full back yard access as well. For those open to the consideration that this property needs ample renovation of the full interior (and possible exterior work); the oppurtunity exists as a solid dual income rental property or for someone looking for income offset potential, looking to live in one unit and use the rent from the other unit to help pay down the mortgage. The location situates this property close to the downtown core, near to many elementary, secondary and specialized schools, offers access to public transist routes, and is in close proximity to hospitals. Because of the nature of this sale and the property being in need of a lot of loving attention to bring forward its best and since the current owner has never resided in the subject property, it is being sold in "as is/ where is" condition, where the property will not be sold with any warrenties. Presently the property has occupants that were in place as a carry over from the previous sale (not tenants and there is no active or previous lease in place or any rent arrangement past or present and have made no payments to current owners for residing in property). Sellers are working to negotiate vacant possession; however preference is for Buyer's to take on current situation.
Price $309,900
Taxes: $2,564
Assessment Year: 2024
Occupancy by: Tenant
Address: 1 Rathgar Stre , London East, N5Z 1Y3, Middlesex
Acreage: < .50
Directions/Cross Streets: Little Simcoe St/ Little Grey St
Rooms: 13
Rooms +: 2
Bedrooms: 5
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Unfinished
Partial Base
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 10.50 13.45
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Main
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Main
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Main
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Metal/Steel Sidi
Garage Type: None
(Parking/)Drive: Private Tr
Drive Parking Spaces: 3
Park #1
Parking Type: Private Tr
Park #2
Parking Type: Private Tr
Pool: None
Other Structures: Fence - Full
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Arts Centre
Public Transit
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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EXP REALTY

1 Rathgar Stre , London East, N5Z 1Y3, Middlesex

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East L
Style: 1 1/2 Storey
Lot Size: x 91.33(Feet)
Approximate Age: 100+
Tax: $2,564
Maintenance Fee: $0
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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