For saleMLS® X13758698
434 Second Street
London, N5W 4T1
$669,000
- Bedrooms
- 4 + 4
- Bathrooms
- 4
- Interior
- 1,500-2,000 ft²
- Lot
- 54 × 88.01 ft
- Type
- Multi-unit
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
- Ownership
- Freehold
- Style
- 1 1/2 Storey
- Age
- 31-50 years
- Property taxes
- $3,336 (2025)
- Heating
- Forced Air, Gas
- Cooling
- Central Air
- Basement
- Finished, Separate Entrance
- Parking
- 7 spaces
- Sewer
- Sewer
- Lot
- 54 × 88.01 ft lot
- Time on market
- 54 days on market
Features
Inside
- Separate Hydro Meter
- Separate Heating Controls
Outside
- Vinyl Siding
- Shingles roof
Rooms
Measurements are deemed reliable but not guaranteed.
| Room | Level | Size | Details |
|---|---|---|---|
| Living Room | Lower | 8' × 13' 3" | |
| Bedroom | Main | 11' 3" × 9' 11" | |
| Bedroom | Upper | 13' 3" × 11' 3" | |
| Bedroom | Lower | 10' 6" × 10' 3" | |
| Bedroom | Main | 11' 3" × 10' 6" | |
| Kitchen | Main | 13' 9" × 8' | |
| Dining Room | Upper | 12' 5" × 13' 11" | |
| Living Room | Main | 10' 4" × 18' 6" | |
| Bedroom | Lower | 11' 1" × 10' 3" | |
| Bedroom | Lower | 11' 1" × 9' 2" | |
| Primary Bedroom | Lower | 11' 8" × 10' 4" | |
| Laundry | Lower | 5' 9" × 8' 8" | |
| Primary Bedroom | Upper | 13' 3" × 11' 2" | |
| Kitchen | Upper | 12' 5" × 7' 3" |
Location
Thinking about the area? Read my guide to London.
Estimate your payment
20% down. The minimum on this price is $41,900.
Your monthly payment
$2,962
- Mortgage amount
- $535,200
- Interest over the amortization
- $353,456
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.
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