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$ 669,000
Est. payment /mo
New
434 Second ST London East, ON N5W 4T1
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East H
MLS Listing ID X13758698
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,336
Tax Year 2025
Property Sub-Type Duplex
Property Description
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.
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 4
Interior
Interior Features Other, Separate Hydro Meter, Separate Heating Controls
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Shingles
Topography Dry,Flat
Lot Frontage 54.0
Lot Depth 88.01
Total Parking Spaces 7
Building
Building Age 31-50
Unit Features Public Transit,School
Foundation Concrete
Others
ParcelsYN No
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
Nearby Locations
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