Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$669,000 $3,591 est/mo Sourced by Back At You
434 Second Street,London East (East H), ON N5W4T1
London East (East H), ON N5W4T1
Description
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. (id:13843)
Details
| MLS # | X13758698 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 45 |
| Listing Provided By | TEAM GLASSER REAL ESTATE BROKERAGE INC. | DUSTIN MERCIER |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2-3 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Flat site, Dry |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 7 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3336 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London East (East H) |
| Postal Code | N5W4T1 |
| Listing VS Median (in N5W4T1) | |
Price: $669,000 low | high Med: $669,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $446 low | high Med: $446 On site: 45 low | high Med: 45 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East H) |
| Postal Code | N5W4T1 |
| Listing VS Median (in N5W4T1) | |
Price: $669,000 low | high Med: $669,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $446 low | high Med: $446 On site: 45 low | high Med: 45 | |
Nearby Listings (Within 1/2 mile)
Price: $501K - $836K
sqft: 1,000 - 1,500
Listing Updated: September 28, 2026 at 10:24:40 PM PDT
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