REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

8 Beds

4 Baths

Save Virtual Tour

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East H

MLS Listing ID X13586434

Style 1 1/2 Storey

Bedrooms 8

Annual Tax Amount $3,336

Tax Year 2025

Property Sub-Type Duplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-3

Rooms

Family Room Yes

Basement Finished, Separate Entrance

Kitchen 2

Separate Den/Office 4

Interior

Interior Features Other, Separate Hydro Meter, Separate Heating Controls

Cooling Central Air

Inclusions 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned

Exterior

Parking Features Private Double

Pool None

Roof Type Shingles

Lot Frontage 54.0

Lot Depth 88.01

Total Parking Spaces 7

Building

Building Age 31-50

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/434_second_st_london_on/

Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

Learn More About LPT Realty

434 Second ST London East, ON N5W 4T1