+ 32 photos
434 Second Street, London East, ON N5W 4T1
London East, ON N5W 4T1
About this property
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
Building details
Room dimensions
| # | Room | Level | Dimensions | Features |
|---|---|---|---|---|
| 1 | Dining Room | Upper | 3.78 × 4.23 ft | |
| 2 | Kitchen | Upper | 3.78 × 2.2 ft | |
| 3 | Bedroom | Lower | 3.37 × 3.12 ft | |
| 4 | Bedroom | Lower | 3.19 × 3.13 ft | |
| 5 | Bedroom | Lower | 3.39 × 2.8 ft | |
| 6 | Laundry | Lower | 1.75 × 2.63 ft | |
| 7 | Living Room | Lower | 2.44 × 4.03 ft | |
| 8 | Primary Bedroom | Lower | 3.55 × 3.14 ft | |
| 9 | Bedroom | Main | 3.42 × 3.19 ft | |
| 10 | Bedroom | Main | 3.44 × 3.01 ft | |
| 11 | Kitchen | Main | 4.18 × 2.45 ft | |
| 12 | Living Room | Main | 3.14 × 5.64 ft | |
| 13 | Bedroom | Upper | 4.05 × 3.43 ft | |
| 14 | Primary Bedroom | Upper | 4.05 × 3.41 ft |