For Sale: 434 Second Street, London, ON - REW
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$685,000
8 bd • 4 ba • 1500 - 1999 sf • Multifamily
434 Second Street
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$685,000
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434 Second StreetLondon, ON, N5W 4T1

Argyle
  • 8 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

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. (id:63626)
Listed by: DUSTIN MERCIER, Salesperson, TEAM GLASSER REAL ESTATE BROKERAGE INC.

Home facts and features

Price details
List Price
$685,000
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Gross Taxes for 2026
$3,336
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Spaces
7
Parking Details
No Garage
Property Type
Multifamily
Depth
88 feet
Frontage
54.0 feet
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Separate entrance, ,
Features
Dry, Flat site, Separate Electricity Meters, Separate Heating Controls
Appliances
Dishwasher, Dryer, Two Refrigerators, Two Washers, Two stoves, Water Heater
Community
Agent details
Primary Agent
DUSTIN MERCIER
Primary Broker
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Listing details
Days on REW
1 Day
MLS® Number
X13586434
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

St Pius X School
  • Catholic
  • JK - 8
Franklin D Roosevelt Public School
  • Public
  • JK - 8
Prince Charles Public School
  • Public
  • JK - 8
Académie de la Tamise
  • Public
  • JK - 6
Princess Anne French Immersion Public School
  • Public
  • K - 8
Clarke Road Secondary School
  • Public
  • 9 - 12
John Paul II Catholic Secondary School
  • Catholic
  • 9 - 12
Lord Nelson Public School
  • Public
  • JK - 8
St Robert School
  • Catholic
  • JK - 8
Blessed Sacrament School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
DUSTIN MERCIER
Phone:
519-670-0385
Cell:
519-200-8062
Office:
519-670-0385
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.