1 Rathgar Street, London East, ON N5Z 1Y3

About this property

This turnkey rental property is legal side-by-side 1.5 story duplex near London's core; featuring a separately metered very spacious split level two bed unit with basement and a main level one bed unit. 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 $1,795/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 income to help pay down the mortgage. Seller willign to negotiate to provide one or both of the units vacant for Closing. Roof replaced new in 2026. 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.

Property facts & features

Days on market

Not reported

Property type

Duplex

MLS® number

X13055766

Source status

Price Change

Bedrooms

4

Bathrooms

2

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

N5Z 1Y3

Parking spaces

2

Garage

None

Lot depth (source units)

91.33

Annual property tax

2733

Basement

Unfinished, Walk-Up, Development Potential, Partial Basement

Laundry

Not provided

Interior features

On Demand Water Heater, Separate Hydro Meter, Carpet Free, Primary Bedroom - Main Floor

Exterior features

Lighting, Porch, Year Round Living, Deck

MLS entry age (not confirmed DOM)

186 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.