434 Second Street, London East, ON N5W 4T1

About this property

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.

Property facts & features

Days on market

Not reported

Property type

Duplex

MLS® number

X13758698

Source status

New

Bedrooms

8

Bathrooms

4

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

N5W 4T1

Parking spaces

7

Garage

None

Lot depth (source units)

88.01

Annual property tax

3336

Basement

Finished, Separate Entrance

Laundry

Not provided

Interior features

Other, Separate Hydro Meter, Separate Heating Controls

Exterior features

Not provided

MLS entry age (not confirmed DOM)

53 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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