434 Second Street, London East, ON N5W 4T1
London East
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 434 Second Street, London East, ON N5W 4T1
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MLS# X13586434
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
On market since Jul 20, 2026
What comparable homes actually sold for in the last 12 months.
434 Second Street, London East, ON N5W 4T1 is listed for $685,000 CAD.
434 Second Street, London East, ON N5W 4T1 has 8 bedrooms and 4 bathrooms.
434 Second Street, London East, ON N5W 4T1 is a Duplex.
434 Second Street, London East, ON N5W 4T1 is in London East, Ontario.
434 Second Street, London East, ON N5W 4T1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 434 Second Street, London East, ON N5W 4T1 (MLS# X13586434). You can also send a message through the contact form on this site.
