London East, ON
434 Second Street
$669,000
Data last updated Oct 30, 2026, 4:20 p.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $669,000
- Type
- duplex
- Bedrooms
- 4
- Bathrooms
- 4
- MLS®
- X13758698
- Status
- active
- Brokerage
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
About this home
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.
Location
More details
- Property tax
- $3,336 (2025)
- Days on market
- 52
- Style
- 1 1/2 Storey
- Year built
- 31-50
- Lot
- 54 × 88.01 Feet
- Parking
- 7 spaces · None
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- Air conditioning
- Central Air
- Neighbourhood
- East H
- Major intersection
- Dundas St & Second St
Rooms
| Room | Level | Size (m) | Features |
|---|---|---|---|
| Living Room | Lower | 2.44 × 4.03 | — |
| Bedroom | Main | 3.44 × 3.01 | — |
| Bedroom | Upper | 4.05 × 3.43 | — |
| Bedroom | Lower | 3.19 × 3.13 | — |
| Bedroom | Main | 3.42 × 3.19 | — |
| Kitchen | Main | 4.18 × 2.45 | — |
| Dining Room | Upper | 3.78 × 4.23 | — |
| Living Room | Main | 3.14 × 5.64 | — |
| Bedroom | Lower | 3.37 × 3.12 | — |
| Bedroom | Lower | 3.39 × 2.8 | — |
| Primary Bedroom | Lower | 3.55 × 3.14 | — |
| Laundry | Lower | 1.75 × 2.63 | — |
| Primary Bedroom | Upper | 4.05 × 3.41 | — |
| Kitchen | Upper | 3.78 × 2.2 | — |
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.