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$ 309,900
Est. payment /mo
Active
1 RATHGAR STREET London, ON N5Z1Y3
5 Beds
2 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $206
Subdivision East L
MLS® Listing ID X12046878
Bedrooms 5
Originating Board London and St. Thomas Association of REALTORS®
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Main level 3.2 m X 4.1 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Fence Fully Fenced
Community Features School Bus, Community Centre
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Listed by EXP REALTY