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.
For sale
C$685,000
434 2nd St, London, ON N5W 4T1
8beds
4baths
Duplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Private entranceIn-suite laundry
- 43 days
- 22
- 0
Zillow last checked:
Listing updated:
Listed by:
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Source: TRREB,MLS®#: X13586434
Originating MLS®#: London and St. Thomas Association of REALTORS
Originating MLS®#: London and St. Thomas Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Primary bedroom
- Level: Lower
- Dimensions: 3.55 x 3.14
Primary bedroom
- Level: Upper
- Dimensions: 4.05 x 3.41
Primary bedroom
- Level: Lower
- Dimensions: 3.55 x 3.14
Primary bedroom
- Level: Upper
- Dimensions: 4.05 x 3.41
Bedroom
- Level: Lower
- Dimensions: 3.37 x 3.12
Bedroom
- Level: Lower
- Dimensions: 3.37 x 3.12
Bedroom
- Level: Main
- Dimensions: 3.42 x 3.19
Bedroom
- Level: Lower
- Dimensions: 3.19 x 3.13
Bedroom
- Level: Upper
- Dimensions: 4.05 x 3.43
Bedroom
- Level: Lower
- Dimensions: 3.39 x 2.8
Bedroom
- Level: Main
- Dimensions: 3.44 x 3.01
Bedroom
- Level: Main
- Dimensions: 3.42 x 3.19
Bedroom 2
- Level: Main
- Dimensions: 3.44 x 3.01
Bedroom 3
- Level: Upper
- Dimensions: 4.05 x 3.43
Bedroom 4
- Level: Lower
- Dimensions: 3.39 x 2.8
Bedroom 5
- Level: Lower
- Dimensions: 3.19 x 3.13
Bathroom
- Level: Main
- Dimensions: 2.36 x 1.51
Bathroom
- Level: Main
- Dimensions: 2.36 x 1.51
Bathroom
- Level: Upper
- Dimensions: 2.06 x 2.69
Bathroom
- Level: Lower
- Dimensions: 1.52 x 2.43
Bathroom
- Level: Lower
- Dimensions: 1.5 x 2.84
Bathroom
- Level: Lower
- Dimensions: 1.52 x 2.43
Bathroom
- Level: Lower
- Dimensions: 1.5 x 2.84
Bathroom
- Level: Upper
- Length: 2.06
Dining room
- Level: Upper
- Dimensions: 3.78 x 4.23
Dining room
- Level: Upper
- Dimensions: 3.78 x 4.23
Kitchen
- Level: Upper
- Dimensions: 3.78 x 2.2
Kitchen
- Level: Main
- Dimensions: 4.18 x 2.45
Kitchen
- Level: Main
- Dimensions: 4.18 x 2.45
Kitchen
- Level: Main
- Dimensions: 4.18 x 2.45
Kitchen
- Level: Upper
- Dimensions: 3.78 x 2.2
Laundry
- Level: Lower
- Dimensions: 1.75 x 2.63
Laundry
- Level: Lower
- Dimensions: 1.75 x 2.63
Living room
- Level: Lower
- Dimensions: 2.44 x 4.03
Living room
- Level: Main
- Dimensions: 3.14 x 5.64
Living room
- Level: Lower
- Dimensions: 2.44 x 4.03
Living room
- Level: Main
- Dimensions: 3.14 x 5.64
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- Other, Separate Hydro Meter, Separate Heating Controls
- Basement: Finished,Separate Entrance
- Has fireplace: No
Interior area
- Living area range: 1500-2000 null
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Private Double
Features
- Stories: 1.5
- Pool features: None
Lot
- Size: 4,752 Square Feet
- Features: Public Transit, School
- Topography: Dry,Flat
Details
- Additional structures: Drive Shed
- Parcel number: 081080189
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Concrete
- Roof: Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: London
Financial & listing details
- Annual tax amount: C$3,336
- Date on market: 7/20/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Argyle
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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