434 Second Street, London East, ON N5W 4T1
East H, London East · Near Dundas St & Second St · View map
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.
The home
- Type
- Duplex
- Style
- 1 1/2 Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 2
- Rooms
- 12
- Basement
- Finished, Separate Entrance
- Lot size
- 54 x 88 ft
- Faces
- East
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 7
- Total parking
- 7
- Parking features
- Private Double
Taxes & other
- Property taxes
- $3,336/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Dundas St & Second St
- Neighbourhood
- East H
More
- Price per sq ft
- ~$382 (at 1,750 sq ft)
- MLS® number
- X13758698
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The home and its surroundings
- Separate Hydro Meter
- Separate Heating Controls
- Public Transit
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
434 Second Street, London East, ON N5W 4T1
East H, London East · Near Dundas St & Second St
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Listing history for 434 Second Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 434 Second Street
Answers come straight from this home’s MLS® listing.
How much is 434 Second Street listed for, and what would it cost each month?
434 Second Street is listed for $669,000. With 20% down ($133,800), the mortgage payment would be roughly $2,699 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,977 a month, all in. That figure is an illustration, not a quote.
Is 434 Second Street freehold or a condo, and is there a monthly fee?
434 Second Street is a duplex in East H, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 434 Second Street have?
434 Second Street has 4 bedrooms, plus 4 more bedrooms in the basement, and 4 bathrooms. The listing gives the style as 1 1/2 storey.
Does 434 Second Street have a garage and parking?
The listing does not show a garage. The driveway adds 7 spaces. In total the listing counts 7 parking spaces.
Does 434 Second Street have a finished basement?
The listing describes the basement as finished, separate entrance. It counts 4 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 434 Second Street?
434 Second Street is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 434 Second Street, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 54 x 88 ft.
How is 434 Second Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 434 Second Street?
Property taxes are $3,336 a year (2025), or about $278 a month.
Where is 434 Second Street?
434 Second Street is in the East H community of London East. The nearest main intersection is Dundas St & Second St. The postal code is N5W 4T1.
Is 434 Second Street still for sale?
Yes. It is an active listing (MLS® X13758698). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 434 Second Street asking?
Similar properties for sale nearby right now include 354 Spruce Street at $599,000 (5 bed), 163 Atkinson Boulevard at $549,000 (3+2 bed) and 1905 Wavell Street at $649,000 (7 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 434 Second Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 434 Second Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Triplex$649,0001905 Wavell Street, London East7 bed · 3 bath · East HCourtesy of: NU-VISTA PINNACLE REALTY BROKERAGE INCView home →Courtesy of: TEAM GLASSER REAL ESTATE BROKERAGE INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.