434 Second Street London East, Ontario N5W 4T1
$685,000
An excellent investment opportunity with proven cash flow, this fully tenanted 8-bedroom duplex near Fanshawe College offers immediate rental income and an attractive cap rate of over 6% based on current rental revenue and estimated operating expenses. The property consists of two self-contained 4-bedroom, 2-bathroom units, each featuring a private entrance, in-suite laundry, its own furnace and central air conditioning, and separately metered hydro. Current annual gross rental income is approximately $53,000, with an estimated net operating income of approximately $44,000. Located just steps from Fanshawe College, the property sits in one of London's strongest student and workforce rental markets, supporting consistent tenant demand and long-term investment appeal. Additional features include individual HVAC systems for each unit, internet and cable wiring in every bedroom, and a 12 x 10 shed with a steel roll-up door for convenient additional storage. An incredible opportunity to purchase a fully leased, income-producing asset offering immediate cash flow in one of London's most established rental locations. (id:66005)
Property Details
| MLS® Number | X13586434 |
| Property Type | Multi-family |
| Community Name | East H |
| Amenities Near By | Public Transit, Schools |
| Equipment Type | Water Heater |
| Features | Flat Site, Dry |
| Parking Space Total | 7 |
| Rental Equipment Type | Water Heater |
| Structure | Drive Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 8 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Dishwasher, Dryer, Two Stoves, Water Heater, Two Washers, Two Refrigerators |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished), N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 88 Ft |
| Size Frontage | 54 Ft |
| Size Irregular | 54 X 88 Ft |
| Size Total Text | 54 X 88 Ft|under 1/2 Acre |
| Zoning Description | R2-3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 3.37 m | 3.12 m | 3.37 m x 3.12 m |
| Lower Level | Bedroom | 3.19 m | 3.13 m | 3.19 m x 3.13 m |
| Lower Level | Bedroom | 3.39 m | 2.8 m | 3.39 m x 2.8 m |
| Lower Level | Laundry Room | 1.75 m | 2.63 m | 1.75 m x 2.63 m |
| Lower Level | Living Room | 2.44 m | 4.03 m | 2.44 m x 4.03 m |
| Lower Level | Primary Bedroom | 3.55 m | 3.14 m | 3.55 m x 3.14 m |
| Main Level | Kitchen | 4.18 m | 2.45 m | 4.18 m x 2.45 m |
| Main Level | Living Room | 3.14 m | 5.64 m | 3.14 m x 5.64 m |
| Main Level | Bedroom | 3.42 m | 3.19 m | 3.42 m x 3.19 m |
| Main Level | Bedroom | 3.44 m | 3.01 m | 3.44 m x 3.01 m |
| Upper Level | Dining Room | 3.78 m | 4.23 m | 3.78 m x 4.23 m |
| Upper Level | Kitchen | 3.78 m | 2.2 m | 3.78 m x 2.2 m |
| Upper Level | Bedroom | 4.05 m | 3.43 m | 4.05 m x 3.43 m |
| Upper Level | Primary Bedroom | 4.05 m | 3.41 m | 4.05 m x 3.41 m |
https://www.realtor.ca/real-estate/30058412/434-second-street-london-east-east-h-east-h
Contact Us
Contact us for more information
Dustin Mercier
Salesperson
(519) 670-0385
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 21 2026 12:50:45
London and St. Thomas Association of REALTORS®
Team Glasser Real Estate Brokerage Inc.