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
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.
