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MLS® X13758698
London, ON
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.
Inclusions
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
Exclusions
Tenant Belongings
Broker
TEAM GLASSER REAL ESTATE BROKERAGE INC.
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Duplex
434 Second Street London
London East
Built
31-50
Type
Duplex
Basement
Finished, Separate Entrance
Parking
None (7)
Property Tax
~$3,336/yr
Heating
Forced Air
Buying Essentials
Square Feet
1750 sqft
Facing Direction
East
Parking
None (7)
Finances
List Price
$669,000
Price per SQFT
$382/sqft
Property Tax
~$3,336/yr
Property Specs
Property Type
Duplex
MLS Size
1750 sqft
Age of Building
31-50
Basement
Finished, Separate Entrance
Living & Amenities
Heating Type
Forced Air
Features
Other · Separate Hydro Meter · Separate Heating Controls
Policies & Utilities
Neighbourhood
London East
Listed On
Sep 8, 2026
Public Transit
School
Days on Market
Current: 60 days
8.0 x 13.2
106 sqft
11.3 x 9.9
111 sqft
13.3 x 11.3
150 sqft
10.5 x 10.3
107 sqft
11.2 x 10.5
117 sqft
13.7 x 8.0
110 sqft
12.4 x 13.9
172 sqft
10.3 x 18.5
191 sqft
11.1 x 10.2
113 sqft
11.1 x 9.2
102 sqft
11.6 x 10.3
120 sqft
5.7 x 8.6
50 sqft
13.3 x 11.2
149 sqft
12.4 x 7.2
90 sqft
Rooms
14
Listed Room Area
1,688 sqft
Source
Estimated from MLS room dimensions
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