434 Second Street

London East, N5W 4T1·MLS® X13586434·Watch listing

Listing courtesy of Team Glasser Real Estate Brokerage INC.·Updated 11 hours ago

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 details

Sold comparables nearby

Sold

$385,000

Sign up to view sold price

1185 Albany Street, London East

4 bd·3 ba·1,500-2,000 sqft

Sold

$543,000

Sign up to view sold price

321 Spruce Street, London East

3 bd·3 ba·1,500-2,000 sqft

Similar Listings