434 Second Street
London (East H), ON N5W 4T1
- 4+4Bedrooms
- 4Bathrooms
- 7Parking
- 1500–2000Sq Ft
- $3,336Tax
- 54×88 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 434 Second Street, London, East H
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 434 Second Street, London, East H
Summarized Description
- 8-bedroom duplex with proven cash flow
- Fully tenanted with immediate rental income
- Located near Fanshawe College
- Strong student rental market demand
- Two self-contained 4-bedroom units
- Individual HVAC and in-suite laundry
- Estimated cap rate over 6%
- Additional storage with 12 x 10 shed
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,336
- Land Transfer Tax Fee
- $9,855
Rental Items
- Rental Equipment
- Rear Unit Hot Water Heater
- Basement Type
- Finished, Separate Entrance
Interior Features
- Interior Extras
- Other, Separate Hydro Meter, Separate Heating Controls
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Public Transit, School
- Other Structures
- Drive Shed
Building
- Building Type
- Multiplex
- Building Style
- 1 1/2 Storey
- Approx Age
- 31-50
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Shingles
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 54.00 ft
- Lot Depth
- 88.01 ft
Inclusions
- Inclusions
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
Exclusions
- Exclusions
- Tenant Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 7
- Total Garage And Parking Spaces
- 7
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 4 + 4
- Washrooms
- 4
- Kitchens
- 2
- Family / bonus room
- Yes
Room sizes
- Living Room—Lower level
- Bedroom—Main level
- Bedroom—Upper level
- Bedroom—Lower level
- Bedroom—Main level
- Kitchen—Main level
- Dining Room—Upper level
- Living Room—Main level
- Bedroom—Lower level
- Bedroom—Lower level
- Primary Bedroom—Lower level
- Laundry—Lower level
- Primary Bedroom—Upper level
- Kitchen—Upper level
Washrooms
- 4-piece, Main
- 4-piece, Lower
- 4-piece, Upper
- Municipality
- London
- Neighbourhood
- East H
- Main cross streets
- Dundas St & Second St
- Zoning
- R2-3
- Directions
- Dundas St to Second St
- MLS® number
- X13758698
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-08
- Updated on
- 2026-09-09
- Days on market
- 39 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
Home Market Value
Current home valuation for 434 Second Street, London, East H, London, ON. Listed for $669,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 434 Second Street, London, East H
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $169,000 over $500K
$41,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $25,074 | $18,665 | $15,922 | $0 |
=Total mortgage | $651,927 | $620,765 | $584,572 | $535,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,183monthly | $3,031monthly | $2,854monthly | $2,613monthly |
Land Transfer Tax
$9,855
$9,855
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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