For sale

$669,000

Est. $2,832/mo —

•

4 ba

•

View

sq ft

434 Second St, London, ON N5W 4T1

About this home

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.

Multi-familyProperty Type

4,753 sq ftLot Size

7 spacesParking

Listing updated: Sep 9, 2026 at 09:18am

Redfin checked: 3 minutes ago

•Source:TREB #X13758698

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Around this home

Schools

1.0km

Franklin D Roosevelt Public School

Public, JK-8 • Assigned

1.4km

Clarke Road Secondary School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Finished basement
Other interior features

Heating & cooling
Central air conditioning
Natural gas forced-air heating

Sale and tax history for 434 Second St

Sale History
Tax History

Date

Event

Price

TREB #X13758698

Sep 8, 2026

Listed

$669,000

TREB #X12045262

Jun 28, 2025

Delisted

—

Mar 27, 2025

Listed

$829,900

+44

This Well-Maintained, Legally Licensed Duplex Offers An Excellent Investment Opprotunity In London, Ontario. Just Minutes From Fanshawe College. The Property Features Two Spacious Units, Each With 4 Bedrooms And 2 Bathrooms, Providing Ample Space. With Separate Entrances For Each Unit, This Duplex Offers Privacy And Convenience. Completely Converted Into A Legal Duplex In 2010, It Has Been Meticulously Updated To Meet Standards. The Property Is Ideally Located Near Bus Routes, Shopping, Essential Amenities, And Numerous Employement Opportunities, Making It A Highly Desiable Location For Renters. With A Total Of 8 Bedrooms And 4 Bathrooms, This Turnkey Investment Is Perfect For Investors Looking To Capitalize On The London, Ontario Market. Schedule Your Showing Today!!

CREA #1

Nov 26, 2020

Price Changed

$634,900

Oct 27, 2020

Price Changed

$649,900

Public record

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Style

Single Family Residential

Region

Middlesex County

Parking Spaces

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Last updated by owner on Dec 22, 2022.

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