$669,000
Est. payment $2,962/moCalculate yours
434 Second Street, London East, ON N5W 4T1
East, London, ON N5W 4T1
- 4 + 4 Beds
- 4 Baths
- 1,500 Sq Ft
Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC. MLS® X13758698
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.
Property details
Overview
- Property Type
- Duplex
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 31-50
- Size
- 1,500 sqft
Interior
- Bedrooms
- 4 + 4
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Finished, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 54 x 88.01 Feet
- Parking
- None garage · 7 total
- Zoning
- R2-3
Financial
- Property Taxes
- $3,336 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Dundas St & Second St
- Direction Faces
- East
Listing
- MLS® Number
- X13758698
- Days on Market
- 40
- Listed On
- 2026-09-08
- Possession
- Flexible
- Listed By
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
Rooms
Features
Interior
- Other
- Separate Hydro Meter
- Separate Heating Controls
Property
- Public Transit
- School
Pool
- None
- Included
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
- Excluded
- Tenant Belongings
- Rental items
- Rear Unit Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$2,962 per month
- Principal and interest
- $2,962
- Property tax
- $278
- Condo fees
- $0
- Estimated monthly cost
- $3,240
Your mortgage
- Mortgage amount
- $535,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $353,456
Cash to close
- Down payment
- $133,800
- Land transfer tax
- $9,855
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $143,655
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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