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$685,000

434 Second Street • London East, ONNew

Courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC.

4+4

Bedrooms

4

Bathrooms

1500-2000

Square feet

7

Parking

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

Property type: Duplex
Style: 1 1/2 Storey
Approx. age (yrs): 31-50
Total rooms: 12
Lot size: 54 × 88.01 ft
Property taxes: $3,336 (2025)
Occupancy: Flexible
Days on market: 2
Status: Active
MLS®

Property history

Location

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Recently sold nearby

Listing data last updated: Jul 20, 2026, 8:10 p.m. EDT via TRREB IDX.

First listed: Jul 20, 2026, 7:51 p.m. EDT.