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    For Sale - 434 Second Street, London East, Ontario

    Est payment $3,212/mo
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    Views   1
    Time on Jump  19 day

    AI Summary *

    • Fully tenanted duplex with immediate rental income and cash flow.
    • Two self-contained 4-bedroom units for maximum rental potential.
    • Located near Fanshawe College, ensuring strong tenant demand.
    • Each unit has private entrance, in-suite laundry, and separate utilities.
    • Includes additional storage shed for convenience and practicality.




    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.
    Listing IDX13758698
    Address434 Second Street
    CityLondon East, Ontario
    Price$669,000
    Bed / Bath8 / 4 Full
    Style1 1/2 Storey, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Other, Separate Hydro Meter, Separate Heating ControlsAmenities Public Transit, SchoolOwnership FreeholdBasement Finished, Separate EntranceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 7.00
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    Listing Brokerage: TEAM GLASSER REAL ESTATE BROKERAGE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    434 Second Street
    London East , Ontario
    8 4 $669,000
    Get more info