434 Second Street
London East, ON
- 8 bed
- 4 bath
- approx. 1500-2000 sqft
- Duplex
- 51 days on market
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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Listing Details
- Taxes (2025)
- $3,336
- Listed
- July 20, 2026
Price History
Listing history
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Property
- Style
- 1 1/2 Storey
- Age
- 31-50
- Construction
- Vinyl Siding
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Other, Separate Hydro Meter, Separate Heating Controls
- Lot Size
- 54 x 88.01 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Dundas St & Second St
- Zoning
- R2-3
- Parcel Number
- 081080189
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
- Exclusions
- Tenant Belongings
- Rental Items
- Rear Unit Hot Water Heater
Schools
Elementary
- Prince Charles Public School1 km
Public · Thames Valley DSB · 515 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 9% met the provincial standard
- St Pius X Separate School1 km
Catholic · London District Catholic School Board · 485 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 25% met the provincial standard
- Forest City Public School Public School1 km
Public · Thames Valley DSB · 345 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 19% met the provincial standard
Secondary
- Thames Valley Alternative Secondary School1.5 km
Public · Thames Valley DSB · 250 students
- Clarke Road Secondary School1.5 km
Public · Thames Valley DSB · 1115 students
Grade 10 literacy: 61% met the provincial standard
- John Paul II Catholic Secondary School1.8 km
Catholic · London District Catholic School Board · 940 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,327
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,327 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Main, 2 × 4-piece on Lower, 4-piece on Upper
Upper
- Bathroom6'9" x 8'10"
- Bathroom
- Bedroom13'3" x 11'3"
- Bedroom 313'3" x 11'3"
- Dining Room12'5" x 13'11"
- Dining Room12'5" x 13'11"
- Kitchen12'5" x 7'3"
- Kitchen12'5" x 7'3"
- Primary Bedroom13'3" x 11'2"
- Primary Bedroom13'3" x 11'2"
Main
- Bathroom7'9" x 4'11"
- Bathroom7'9" x 4'11"
- Bedroom11'3" x 10'6"
- Bedroom11'3" x 9'11"
- Bedroom11'3" x 10'6"
- Bedroom 211'3" x 9'11"
- Kitchen13'9" x 8'
- Kitchen13'9" x 8'
- Kitchen13'9" x 8'
- Living Room10'4" x 18'6"
- Living Room10'4" x 18'6"
Lower
- Bathroom5' x 8'
- Bathroom4'11" x 9'4"
- Bathroom5' x 8'
- Bathroom4'11" x 9'4"
- Bedroom11'1" x 10'3"
- Bedroom11'1" x 10'3"
- Bedroom10'6" x 10'3"
- Bedroom11'1" x 9'2"
- Bedroom 411'1" x 9'2"
- Bedroom 510'6" x 10'3"
- Laundry5'9" x 8'8"
- Laundry5'9" x 8'8"
- Living Room8' x 13'3"
- Living Room8' x 13'3"
- Primary Bedroom11'8" x 10'4"
- Primary Bedroom11'8" x 10'4"
Listed by
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Walk Score
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Location
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Mortgage Calculator
$137,000
Estimated Monthly Payment
$3,365
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $3,365/mo (20% down, 5.5%)
Taxes: $278/mo · Insurance: $171/mo
Estimates only. Consult a financial advisor.
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