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1 RATHGAR Street, London — listed at $339,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 16'2'' |
| Storage | Basement | 11'9'' |
| Bedroom | Second level | 9'10'' x 9'0'' |
| Bedroom | Second level | 10'1'' x 15'3'' |
| Kitchen | Main level | 13'4'' x 10'2'' |
| Living room | Main level | 16'5'' x 10'3'' |
| Bedroom | Main level | 19'0'' x 11'1'' |
| 4pc Bathroom | Main level | 6'1'' x 9'1'' |
| Kitchen | Main level | 9'1'' x 8'10'' |
| Living room | Main level | 6'7'' x 10'4'' |
| Dining room | Main level | 7'7'' x 10'4'' |
| Bedroom | Main level | 8'3'' x 9'2'' |
| 4pc Bathroom | Main level | 6'5'' x 6'1'' |
Is 1 RATHGAR Street a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms (1505 sq ft), there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 2 spaces — Open.
Is this a good starter home?+
At $339,900, this is priced in starter-home territory for London. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
Yes — Unfinished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,733, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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