434 Second Street · London, N5W 4T1
MLS® X13758698
Listed Sep 8, 2026
Listing courtesy of Team Glasser Real Estate Brokerage INC.·Listing last changed Sep 9
Key facts
- Property type
- Duplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 54 × 88.01 ft · < 0.50 acres
- Age
- 31-50 years
- Parking
- 7 spaces
- Property tax
- $3,336/yr (2025)
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.
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Bedrooms
- 4 above grade, 4 lower level
- Rooms
- 12 rooms
- Bathrooms
- 1 × 4-piece on Main, 2 × 4-piece on Lower, 1 × 4-piece on Upper
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Duplex, 1 1/2 Storey
- Age
- 31-50 years
- Lot size
- 54 × 88.01 ft · < 0.50 acres
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Driveway
- Private Double (7 spaces)
- Parking
- 7 spaces
Fees & taxes
- Property tax
- $3,336/yr (2025)
Rooms
Main
- Bedroom
- 3.44 × 3.01 m
- Bedroom
- 3.42 × 3.19 m
- Kitchen
- 4.18 × 2.45 m
- Living Room
- 3.14 × 5.64 m
Upper
- Bedroom
- 4.05 × 3.43 m
- Dining Room
- 3.78 × 4.23 m
- Primary Bedroom
- 4.05 × 3.41 m
- Kitchen
- 3.78 × 2.2 m
Lower
- Living Room
- 2.44 × 4.03 m
- Bedroom
- 3.19 × 3.13 m
- Bedroom
- 3.37 × 3.12 m
- Bedroom
- 3.39 × 2.8 m
- Primary Bedroom
- 3.55 × 3.14 m
- Laundry
- 1.75 × 2.63 m
Estimated value range
$636K to $702K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is Forest City Public School, 940 m
Elementary
- 4.8
Forest City Public School
940 m · Grades JK-8
Thames Valley District School Board
- 4.0
Prince Charles Public School
970 m · Grades JK-8
Thames Valley District School Board
- 5.8
St Pius X Separate School
990 m · Grades JK-8
London District Catholic School Board
Secondary
- 3.8
Clarke Road Secondary School
1.5 km · Grades 9-12
Thames Valley District School Board
Thames Valley Alternative Secondary School
1.5 km · Grades 9-12
- 3.3
John Paul II Catholic Secondary School
1.8 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,801/mo all in
Monthly payment estimate
Land transfer tax$9,855 on closing
Ontario LTT
$9,855
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 8, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold320 Ashland Avenue, London East
Sold28 Beattie Avenue, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.9 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.7% of asking.
Avg. sold price
$444,500
Sale-to-list ratio
93.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $157,000 household income
Minimum household income required
$157,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
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Oak and Key Real Estate Brokerage Inc.
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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