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Maria Tompson
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$309,900
Available - For Sale
Listing ID: X12046878
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.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $15,495 $30,990 $46,485 $61,980
First Mortgage $294,405 $278,910 $263,415 $247,920
CMHC/GE $8,096.14 $5,578.2 $4,609.76 $0
Total Financing $302,501.14 $284,488.2 $268,024.76 $247,920
Monthly P&I $1,295.59 $1,218.44 $1,147.93 $1,061.82
Expenses $0 $0 $0 $0
Total Payment $1,295.59 $1,218.44 $1,147.93 $1,061.82
Income Required $48,584.58 $45,691.53 $43,047.35 $39,818.33

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

1 Rathgar Stre , London East, N5Z 1Y3, Middlesex

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East L
Style: 1 1/2 Storey
Lot Size: x 91.33(Feet)
Approximate Age: 100+
Tax: $2,564
Maintenance Fee: $0
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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