434 SECOND STREET
London East (East H), Ontario
MLS® X13586434
$685,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13586434
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- —
1 / 44Listing 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.
Property summary
- MLS® number
- X13586434
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 54 x 88 FT
- Annual property taxes
- $3,336.00
- Parking
- 7 spaces · No Garage
- Days on market
- 37 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Separate entrance, N/A, N/A
- Appliances
- Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
- Exterior features
- Vinyl siding
- Lot features
- Flat site, Dry
What would this home cost you?
Based on the $685,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC., LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.