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About the Listing 798700 -
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.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Separate Entrance
- Other: Separate Hydro Meter,Separate Heating Controls,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Shingles
- Others: Public Transit,School
- Sewer: Sewer
- Parking Features: Private Double,No Garage
Financial Details
- Tax Amount: $3,336
- Taxes w/Assessments: N/A
- Tax/Property ID: 081080189
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
434 Second St London, ON N5W 4T1
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