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$669,000
Available - For Sale
Listing ID: X13758698
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.
Price $669,000
Taxes: $3,336
Occupancy by: Tenant
Address: 434 Second Street , London East, N5W 4T1, Middlesex
Acreage: < .50
Directions/Cross Streets: Dundas St & Second St
Rooms: 12
Bedrooms: 4
Bedrooms +: 4
Washrooms: 4
Family Room: T
Basement: Finished
Separate Ent
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 4 Lower
Washroom 3 4 Upper
Washroom 4 0
Washroom 5 0
Washroom 6 4 Main
Washroom 7 4 Lower
Washroom 8 4 Upper
Washroom 9 0
Washroom 10 0
Washroom 11 4 Main
Washroom 12 4 Lower
Washroom 13 4 Upper
Washroom 14 0
Washroom 15 0
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 7
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Other Structures: Drive Shed
Approximatly Age: 31-50
Approximatly Square Footage: 1500-2000
Property Features: Public Trans
School
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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TEAM GLASSER REAL ESTATE BROKERAGE INC.

434 Second Street , London East, N5W 4T1, Middlesex

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East H
Style: 1 1/2 Storey
Lot Size: x 88.01(Feet)
Approximate Age: 31-50
Tax: $3,336
Maintenance Fee: $0
Beds: 4+4
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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