- Bedrooms
- 4+4
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $382at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $3,3362025 tax year
- Built
- 31-50
- Parking
- 7none
- Days on market
- Members
The brief
About 434 Second St
434 Second St is a 4+4-bedroom, 4-bathroom duplex in East H, London East, listed for sale at an asking price of $669,000 (MLS® 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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,336 / 2025
- MLS® number
- X13758698
- Board
- TRREB MLS®
- Property Type
- Duplex
- Building Age
- 31-50
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 54 x 88.01 ft
- Listed on
- Parking
- None, 7 Parking
Property details
Property
- Property Type
- Duplex
- Style
- 1 1/2 Storey
- Community
- East H
- Municipality
- London East
Building
- Size
- 1500-2000 sqft
- Building Age
- 31-50
- Construction
- Vinyl Siding
Inside
- Bedrooms
- 4+4
- Bathrooms
- 4
- Bathroom Details
- 1 × 4pc Main, 2 × 4pc Lower, 1 × 4pc Upper
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- None
- Additional Parking
- 7
- Total Parking
- 7
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 54 ft
- Depth
- 88.01 ft
- Lot Size
- 54 x 88.01 ft
Additional
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers and Dryers, Front Unit Hot Water Heater Owned
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.03 × 2.44 m | — | Lower |
| Br | 3.01 × 3.44 m | — | Main |
| Br | 3.43 × 4.05 m | — | Upper |
| Br | 3.13 × 3.19 m | — | Lower |
| Br | 3.19 × 3.42 m | — | Main |
| Kitchen | 2.45 × 4.18 m | — | Main |
| Dining | 4.23 × 3.78 m | — | Upper |
| Living | 5.64 × 3.14 m | — | Main |
| Br | 3.12 × 3.37 m | — | Lower |
| Br | 2.8 × 3.39 m | — | Lower |
| Primary | 3.14 × 3.55 m | — | Lower |
| Laundry | 2.63 × 1.75 m | — | Lower |
| Primary | 3.41 × 4.05 m | — | Upper |
| Kitchen | 2.2 × 3.78 m | — | Upper |
Listing history
Buy/sell history for 434 Second St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $669,000 | N/A | For Sale | X13758698 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $133,800
- Total mortgage amount
- $535,200
- Total interest payment
- $380,700
- Total purchase cost
- $1,049,700
- Mortgage payment
- $3,053/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$3,331- Rent $0
- Shortfall $3,331
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $9,855
- Total land transfer tax
- $9,855
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $5,855
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $669,000
- $5,380
- Ontario total
- $9,855
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,753 sq ft442 m²
- Street frontage
- 54 ft16.5 m
- Depth
- 88.01 ft26.8 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 m15 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.250 m
- Groundwater recorded about 3.9 m below ground nearbyThe middle water level in the well records within 500 m (75 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 3.6 km3.6 km
Province of Ontario open data
Around the home2
- Nearest rail line: 130 m130 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Russel Metals Inc. — London, 880 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Forest City Public School Public SchoolThames Valley DSB | Public · grades JK–8 | 950 m | 45%Grade 6 average |
| Prince Charles Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 29%Grade 6 average |
| St Pius X Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1 km | 55%Grade 6 average |
| Académie de la TamiseConseil scolaire Viamonde | French-language public · grades JK–6 | 1.2 km | 92%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Clarke Road Secondary SchoolThames Valley DSB | Public · grades 9–12 | 1.5 km | 45%Grade 9 math |
| John Paul II Catholic Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 1.8 km | 44%Grade 9 math |
| Montcalm Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 3.3 km | 33%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 3.8 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in East H are shown to signed-in members.