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Listed price in listed location currency (CAD).
$685,000

847

MLS® X13586434

Overview

Key Facts

Type Duplex
Levels Residential
Size -
Garage No
Taxes $3,336
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13586434

Property Address: 434 2nd St, London, ON, N5W4T1

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberX13586434
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFinished, Separate Entrance
DrivewayGarage Type:None
Garage Spaces
HeatGas, Forced Air
A/CCentral Air

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $685,000

For Sale · 0 days

$685,000

MLS® X13586434

18 hours ago

Not Sold Yet

July 2026, For Sale for $685,000

For Sale · 0 days

$685,000

MLS® X13586434

18 hours ago

Not Sold Yet

March 2025, Expired for $829,900

Expired · 481 days

$829,900

MLS® X12045262

A year ago

Not Sold Yet

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