$543,000
321 Spruce Street, London East, ON N5W 4N2


London East, ON N5W 4T1
8 Bed · 4 Bath · Duplex
MLS #X13586434
Listed Price
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.
Bedrooms
8
Bathrooms
4
Square Feet
1500-2000 sqft
Property Type
Duplex
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bedroom(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bedroom(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Bedroom(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bedroom(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Bedroom(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Bedroom(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Bedroom(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Bedroom(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Bedroom 2(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Bedroom 2(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Bedroom 2(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Bedroom 2(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Bathroom(Upper) | 2.06 x 2.69 | 6.8 x 8.8 | - |
| Bathroom(Upper) | 2.06 x 2.69 | 6.8 x 8.8 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Bathroom(Upper) | 2.06 x 2.69 | 6.8 x 8.8 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Bathroom(Upper) | 2.06 x 2.69 | 6.8 x 8.8 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom 3(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom 3(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom 3(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bedroom(Main) | 3.42 x 3.19 | 11.2 x 10.5 | - |
| Bedroom 3(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Bedroom(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Bedroom(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Kitchen(Upper) | 3.78 x 2.2 | 12.4 x 7.2 | - |
| Bedroom(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Bedroom(Main) | 3.44 x 3.01 | 11.3 x 9.9 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Dining Room(Upper) | 3.78 x 4.23 | 12.4 x 13.9 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Bathroom(Main) | 2.36 x 1.51 | 7.7 x 5.0 | - |
| Kitchen(Main) | 4.18 x 2.45 | 13.7 x 8.0 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Living Room(Lower) | 2.44 x 4.03 | 8.0 x 13.2 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Living Room(Main) | 3.14 x 5.64 | 10.3 x 18.5 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bedroom(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bedroom(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bedroom(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Bathroom(Lower) | 1.52 x 2.43 | 5.0 x 8.0 | - |
| Bedroom(Upper) | 4.05 x 3.43 | 13.3 x 11.3 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Bathroom(Lower) | 1.5 x 2.84 | 4.9 x 9.3 | - |
| Primary Bedroom(Upper) | 4.05 x 3.41 | 13.3 x 11.2 | - |
| Bedroom 4(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Bedroom 4(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Bedroom 4(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Bedroom 4(Lower) | 3.39 x 2.8 | 11.1 x 9.2 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Bathroom(Upper) | - | - | - |
| Bathroom(Upper) | - | - | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Primary Bedroom(Lower) | 3.55 x 3.14 | 11.6 x 10.3 | - |
| Bathroom(Upper) | - | - | - |
| Bathroom(Upper) | - | - | - |
| Bedroom 5(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bedroom 5(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bedroom 5(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bedroom 5(Lower) | 3.19 x 3.13 | 10.5 x 10.3 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Bedroom(Lower) | 3.37 x 3.12 | 11.1 x 10.2 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
| Laundry(Lower) | 1.75 x 2.63 | 5.7 x 8.6 | - |
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434 Second Street, London East, ON N5W 4T1 is a 8-bedroom, 4-bathroom 1 1/2 storey duplex with approximately 1500-2000 square feet of living space, situated on a 54 88 foot lot. This property is currently for sale at $685,000. The home features a none garage and a finished, separate entrance basement, built approximately 31-50 years ago.
This home is located in East H, part of London East in the Middlesex area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in East H, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
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