1 Rathgar Street, London East, ON N5Z 1Y3
$369,995
$369,995

1 Rathgar Street

East L, London East, Middlesex $369,995

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4 Beds
2 Baths
1500-2000 sqft
Parking for 2
West Facing
Zoning: R2-2
MLS®#:
X13055766
Property Type:
Duplex
Property Style:
1 1/2 Storey
Area:
Middlesex
Community:
East L
Taxes:
$4,375 / 2025
Added:
April 28 2026
Lot Frontage:
29.42
Lot Depth:
91.33
Status:
Active
Outside:
Vinyl Siding
Year Built:
100+
Basement:
Unfinished,Walk-Up,Development Potential,Partial Basement
Brokerage:
EXP REALTY
Lot :

91

29

Lot Irregularities:
91.33 x 28.69 x 91.26 x 29.46 ft
Intersection:
Little Simcoe St/ Little Grey St
Rooms:
Bedrooms:
4
Bathrooms:
2
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Forced Air
Heating Fuel:

Listing Details

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.

2 Fridges, 2 Stoves, 1 Washer, 1 Dryer, 1 Washer/Dryer Combo Unit, Furnance

Insights

  1. Strong Rental Income Potential: The property features two separate rental units, currently generating a total income of $2,900/month, making it an attractive investment opportunity for buyers looking for dual income streams.
  2. Development Potential: The unfinished basement offers significant development potential, allowing for the possibility of adding more finished rooms, which could further increase rental income or enhance living space.
  3. Prime Location: Located near London's downtown core, the property is close to schools, public transit, and hospitals, making it a convenient choice for both tenants and homeowners.

Property Features

Fenced Yard
Public Transit
School
School Bus Route
Place Of Worship
Rec./Commun.Centre

Sale/Lease History of 1 Rathgar Street

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Neighborhood Overview

Complete neighborhood profile for 1 Rathgar Street

East L home prices

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Insights for 1 Rathgar Street

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)