Living (4.03 × 2.44)
Level: Lower
434 Second St
East H, London East, Ontario N5W 4T1
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13758698
- Board
- TRREB MLS®
- Days on market
- Tax
- $3,336
- Size
- 1500-2000 sqft
- Lot
- 54 × 88.01 Feet
- Parking
- None, 7 Parking
Listing History
Buy/Sell history for 434 Second St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $669,000 | N/A | For Sale | X13758698 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Duplex
- Style
- 1 1/2 Storey
- Community
- East H
- Municipality
- London East
Inside
- Bedrooms
- 4+4
- Bathrooms
- 4
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 2, 4pc, Lower
- Bathroom Detail
- 1, 4pc, Upper
- Basement Type
- Finished
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1500-2000 sqft
- Construction
- Vinyl Siding
Parking
- Driveway
- Pvt Double
- Garage Type
- None
- Add. Parking
- 7
- Total Parking
- 7
Land
- Sewer
- Sewers
- Lot Size
- 54 × 88.01 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 31-50
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- N
- Pool
- None
- Den
- Y
- Family room
- Y
- Extras
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
Rooms (14)
Br (3.01 × 3.44)
Level: Main
Br (3.43 × 4.05)
Level: Upper
Br (3.13 × 3.19)
Level: Lower
Br (3.19 × 3.42)
Level: Main
Kitchen (2.45 × 4.18)
Level: Main
Dining (4.23 × 3.78)
Level: Upper
Living (5.64 × 3.14)
Level: Main
Br (3.12 × 3.37)
Level: Lower
Br (2.8 × 3.39)
Level: Lower
Primary (3.14 × 3.55)
Level: Lower
Laundry (2.63 × 1.75)
Level: Lower
Primary (3.41 × 4.05)
Level: Upper
Kitchen (2.2 × 3.78)
Level: Upper
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 9 on record nearby 5 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- 1 water-supply well recorded within 250 m15 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.
- Groundwater recorded about 3.9 m below ground nearbyThe middle water level in the well records within 500 m (75 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 3.6 km
Province of Ontario open data
Around the home
- Nearest rail line: 130 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Russel Metals Inc. — London, 880 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by London Hydro Inc.
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$3,067
- Down payment$133,800
- Mortgage amount$535,200
- Total interest$384,900
- Total cost$1,053,900
Cash flow analysis
$3,067
Total monthly payment
$3,345
Break-even down payment
100%
Cash flow-$3,345
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$669,000
$669,000
CAD
Estimated market value
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