368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

434 Second Street, London East, ON N5W 4T1

$685,000
  • Sale
  • Duplex
  • 33 days ago
  • Updated: 2026-07-21

Property Overview

Property Type
Duplex
Bedrooms
8
Bathrooms
4
Garage
7
Size
N/A
Age
31-50
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.

Key Details

  • X13586434
  • 7
  • $685,000
  • Tenant
  • None
  • 1 + 1
  • 1 1/2 Storey
  • 4 + 4
  • 4
  • 1500-2000 Sqft
  • N/A
  • 31-50
  • Duplex
  • Sale

Additional Details

  • Forced Air / Gas
  • R2-3
  • $3336
  • 2025
  • PART OF LOTS 14, 15 AND 16 PLAN 483 DESIGNATED AS PART 7 PLAN 33R-8982; TOGETHER WITH LT214459; LONDON/LONDON TOWNSHIP
  • N/A
  • N
  • Finished,Separate Entrance
  • Central Air
  • Public Transit,School
  • Municipal

Properties you may like

Est. monthly payment
Edit details
$
%
yr
%

Down payment
Loan amount
Land transfer tax
CMHC premium
Total upfront

Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this investment property.

$
$
$
Monthly Cash Flow
net per month
Annual Cash Flow
net per year
Monthly Costs
mortgage + expenses
Cost Coverage
costs vs rent

Estimates only. Not financial or investment advice.

FAQ
  • What is the total square footage of the x13586434 - 434 Second Street, London East, ON N5W 4T1?

    The total square footage of this property is 1500-2000 SqFt.

Book a Viewing or Contact Us

Ask a question or request a viewing, we’ll respond quickly

Or
Text (416-939-2500) me directly for fastest response
RoofUp
Logo