For sale 50$519,900
2+1 bed2 bath700–1,100 sq ft
98 Goldwick Crescent
East D, London East
11 days agoMLS® X13853658
RE/MAX ADVANTAGE REALTY LTD.
$669,000
434 Second Street
East H, London East, Ontario N5W4T1
For sale· Added
4+4 bed4 bath1,500–2,000 sqft
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.
Location
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Property details
Listing
- MLS® number
- X13758698
- Added
- Sep 9, 2026 ()
- Updated
- Sep 9, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Duplex
- Storeys
- 1.5
Inside
- Bedrooms
- 4+4
- Bathrooms
- 4
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
- Features
- Flat site, Dry
Building
- Basement
- Finished, Separate entrance
- Exterior
- Vinyl siding
- Foundation
- Concrete
- Parking
- No Garage · 7 spaces
- Amenities
- Separate Electricity Meters, Separate Heating Controls
Land
- Lot size
- 54 x 88 ft
- Zoning
- R2-3
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
- Cross streets
- Dundas St & Second St
- Directions
- Dundas St to Second St.
Running costs
- Annual property tax
- $3,336
Rooms
| Living room | Lower level | 2.44 x 4.03 m |
| Bedroom | Main level | 3.44 x 3.01 m |
| Bedroom | Upper Level | 4.05 x 3.43 m |
| Bedroom | Lower level | 3.19 x 3.13 m |
| Bedroom | Main level | 3.42 x 3.19 m |
| Kitchen | Main level | 4.18 x 2.45 m |
| Dining room | Upper Level | 3.78 x 4.23 m |
| Living room | Main level | 3.14 x 5.64 m |
| Bedroom | Lower level | 3.37 x 3.12 m |
| Bedroom | Lower level | 3.39 x 2.8 m |
| Primary Bedroom | Lower level | 3.55 x 3.14 m |
| Laundry room | Lower level | 1.75 x 2.63 m |
| Primary Bedroom | Upper Level | 4.05 x 3.41 m |
| Kitchen | Upper Level | 3.78 x 2.2 m |
$669,000
434 Second Street
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