41 Adelaide Street

1.5-storey duplex much bigger than it looks with very high income potential, Located minutes from Fanshawe College, the Kellogg's Complex, and downtown, this home offers a rare combination of space and versatility, with huge income potential with 5 bedrooms at an affordable price. 2nd kitchen in the lower level with separate entrance. 3 Full bathrooms. Lower has a new tenant starting July 1st at $1,200 per month plus utility. Main unit was previously rented for $2,000 monthly. Upgrades include a 200-amp electrical panel, a high-efficiency furnace (2018), and a central A/C unit (2021) Easy to show! No sign on property.

Experience the perfect combination of space, versatility, and income potential in this substantial 6-bedroom, 2-bathroom home, currently arranged as 2 separate units. Whether you are an investor, accommodating extended family, or searching for a property with built-in revenue, this home offers exceptional flexibility. The main floor unit features 4 spacious bedrooms, including 2 with walk-in closets, a huge primary bedroom, soaring 9-foot ceilings, and beautiful original mouldings that add timeless character. A refreshed kitchen and bathroom, along with new flooring and fresh paint throughout, make the main level both stylish and move-in ready. Upstairs, the second-floor unit includes 2 additional bedrooms, a comfortable den, second kitchen, and a full bathroom. The current arrangement provides excellent income from dependable roommates, while the owner enjoys comfortable living on the main floor. All roommates are in place under month-to-month roommate agreements. Step outside to a new fully fenced backyard, offering privacy as well as a safe and secure area for children or pets. The spacious deck creates the perfect setting for outdoor dining, summer barbecues, and entertaining guests. Additional features include a new Lennox furnace and central air system (2022), separate hydro and water meters, and multiple entrances. Combined with the flexible layout, these features create strong potential for a future duplex or triplex conversion, adding even more value and income opportunity. Whether you are looking for a property that can help offset your living expenses or a smart addition to your investment portfolio, this home offers outstanding potential.

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 $1,795/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 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.