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$349,000
Est. payment /mo
5 Beds
2 Baths
1,505 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $231
Subdivision East L
MLS® Listing ID 40753864
Bedrooms 5
Year Built 1909
Lot Size 2,657 Sqft
Acres 0.061
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
1 Rathgar Street is now being offered with fully vacant possession guarenteed upon Closing! This legal side by side duplex near London's core features a three bed and two bed unit. 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 as securing this property comes with plenty of value add possible. This handyman special property is a majority of above ground square footage on ground level and a lofted upper level in both units. Both units feature seperate entrances and one unit also has backyard access. For those open to the consideration that this property needs ample renovation of the full interior(and possible exterior work); the oppurtunity could exist as a solid dual income rental property or for someone looking for income offset potential to live in one unit and use the rent from the other unit to pay down the mortgage. This property is close to the downtown core, near to many elementary, secondary and specialized schools, offers access to ample 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. The interior of the property will be moderately remidiated by the Seller prior to closing. Preference will be given to offers with a quicker closing (closings must be on or past August 7th,2025) . (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
Fence Fence
Community Features Industrial Park, Community Centre, School Bus
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 1.5
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by EXP REALTY