434 Second ST, London East, ON N5W 4T1
434 Second ST, London East, ON N5W 4T1
434 Second ST, London East, ON N5W 4T1
43
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$685,000
Est. payment /mo
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8 Beds
4 Baths
New

434 Second ST London East, ON N5W 4T1

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Prabhdeep Kaur

Prabhdeep Kaur

+1(647) 294-6868

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East H

MLS Listing ID X13586434

Style 1 1/2 Storey

Bedrooms 8

Annual Tax Amount $3,336

Tax Year 2025

Property Sub-Type Duplex

Property Description

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

State ON

County Middlesex

Area Middlesex

Rooms

Family Room Yes

Basement Finished, Separate Entrance

Kitchen 2

Separate Den/Office 4

Interior

Interior Features Other, Separate Hydro Meter, Separate Heating Controls

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Pool None

Roof Type Shingles

Topography Dry,Flat

Lot Frontage 54.0

Lot Depth 88.01

Total Parking Spaces 7

Building

Building Age 31-50

Unit Features Public Transit,School

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/434_second_st_london_on/

Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.

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Prabhdeep Kaur

Prabhdeep Kaur

Agent

+1(647) 294-6868

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434 Second ST