434 Second Street, London East, ON N5W 4T1
London East, ON, N5W 4T1 · East H
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.
Features & Amenities
- Basement: Finished, Separate Entrance
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 1 1/2 Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 1 1/2 Storey |
| Bedrooms | 8 |
| Bathrooms | 4 |
| Basement | Finished, Separate Entrance |
| Garage | None |
| Parking Spaces | 7 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $3,336 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other, Separate Hydro Meter, Separate Heating Controls
Exterior Features
- Other Structures
- Drive Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 1/2 Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Shingles
- Basement
- Finished, Separate Entrance
- Approximate Age
- 31-50
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 7
- Parking Total
- 7.00
- Parking Features
- Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 88.01
- Lot Width
- 54.00
Community & Neighborhood
- Property Features
- Public Transit, School
Financial & Tax
- Tax Annual Amount
- $3,336
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Kitchens Above Grade
- 1
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
- Bedrooms Below Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Middlesex
- Cross Street
- Dundas St & Second St
- Directions
- Dundas St to Second St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
434 Second Street, London East, ON N5W 4T1, London East, ON, N5W 4T1