Salehian.com 647-325-5000

434 Second Street

East H, London East, N5W 4T1

$669,000

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  • 4+4 bedrooms
  • 4 bathrooms
  • 7 parking
  • 1500-2000 sq ft

Listed 41 days ago · MLS® X13758698

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.

Details

Type
Duplex
Style
1 1/2 Storey
Age
31-50 years
Size
1500-2000 sq ft
Lot
54 × 88.01 ft
Basement
Finished, Separate Entrance
Garage
None
Kitchens
2
Property tax
$3,336 (2025)
Neighbourhood
East H
Municipality
London East

Interior

Bedrooms
4 above ground + 4 below
Bathrooms
1 × 4-piece (main), 2 × 4-piece (lower), 1 × 4-piece (upper)
Kitchens
2 (1 below ground)
Rooms
12 above ground
Family room or den
Yes
Fireplace
No
Features
Separate Hydro Meter, Separate Heating Controls

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
1 1/2 Storey
Exterior
Vinyl Siding
Roof
Shingles
Foundation
Concrete
Age
31-50 years
Faces
East
Outdoor
Drive Shed

Parking

Total parking
7
Driveway and parking
Private Double

Lot

Size
54 × 88.01 ft
Acreage
< .50

More

Possession
Flexible
Nearby
Public Transit, School
Cross street
Dundas St & Second St

Rooms

RoomLevelSizeFeatures
Living RoomLower2.44 × 4.03 m (8' × 13'3")
BedroomMain3.44 × 3.01 m (11'3" × 9'11")
BedroomUpper4.05 × 3.43 m (13'3" × 11'3")
BedroomLower3.19 × 3.13 m (10'6" × 10'3")
BedroomMain3.42 × 3.19 m (11'3" × 10'6")
KitchenMain4.18 × 2.45 m (13'9" × 8')
Dining RoomUpper3.78 × 4.23 m (12'5" × 13'11")
Living RoomMain3.14 × 5.64 m (10'4" × 18'6")
BedroomLower3.37 × 3.12 m (11'1" × 10'3")
BedroomLower3.39 × 2.8 m (11'1" × 9'2")
Primary BedroomLower3.55 × 3.14 m (11'8" × 10'4")
LaundryLower1.75 × 2.63 m (5'9" × 8'8")
Primary BedroomUpper4.05 × 3.41 m (13'3" × 11'2")
KitchenUpper3.78 × 2.2 m (12'5" × 7'3")

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 8 cafés and restaurants, 6 parks, 3 pharmacies. Nearest grocery: True Value Foods (350 m). Nearest park: Mildred Barons Park (550 m).

Schools nearby

Elementary

  • Forest City Public School
    EQAO: Gr 6 reading 59%, math 19%    15 min walk
  • St. Pius X Catholic School Catholic
    EQAO: Gr 6 reading 71%, math 25%    15 min walk
  • Prince Charles Public School
    EQAO: Gr 6 reading 39%, math 9%    16 min walk
  • Académie de la Tamise French
    EQAO: Gr 6 reading 96%, math 86%    1.3 km

Secondary

  • Clarke Road Secondary School
    EQAO: Gr 9 math 45%, literacy test 61%    1.5 km
  • John Paul II Catholic Secondary School Catholic
    EQAO: Gr 9 math 44%, literacy test 71%    1.7 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N5W

Owners / renters
59% / 41%
Median household income
$64,500
Average age
42
Children under 15
13%
Homes
56% detached, 9% high-rise
Commute by transit
8%
Population
24,740

Languages spoken most at home besides English: Spanish 1.3%, Portuguese 1%, Punjabi (Panjabi) 0.5%, Polish 0.5%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 5 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Galt Subdivision)100 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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