98 Central Avenue, London East, ON N6A 1M4
Middlesex County
Key Facts
Description
Luxury Victorian Home with Proven Income - Live in Style & Earn with Confidence! An exceptional opportunity to own a beautifully restored century home in one of London's most desirable neighbourhoods just northwest of Downtown. This is fully set up as three self-contained units with separate entrances, meters, and wiring. A rare blend of historic charm, modern upgrades, and strong, established income. All three units are currently rented and generating $5,700 per month ($68,400 annually): Upper Unit: $2,700/mo + Main Floor: $2,000/mo + Lower Level: $1,000/mo.. This solid revenue stream provides an excellent market cap rate and immediate cash flow from day one. Main Floor Unit: Two generous bedrooms, sun-filled living room and a spacious, updated kitchen with centre island. Upper Unit (2nd & 3rd floors): A bright and contemporary three-bedroom suite with its own private, oversized deck. Lower Level Suite: A charming bachelor unit with separate entrance, ideal for continued rental income. Live in one unit and rent the others, continue operating as a high-performing multi-unit investment, or explore conversion to a legal triplex (minor variance may be required). The property has been lovingly maintained and thoughtfully updated to maximize both comfort and revenue. Set in a vibrant neighbourhood known for boutique shops, cafes, and restaurants along Richmond Row and within walking distance to Harris Park, the Thames River, Central Secondary School & Catholic Central High with Western University a short bus ride away. Victorian streetscape, walkability, and community spirit complete the lifestyle picture. Whether you're seeking a luxury live-in investment or a fully tenanted income property in a high-demand area, this property delivers both character and consistent returns. Book your private tour today - opportunities with this level of income and location are rare.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
2 1/2 Storey
Stories
2
Lot Dimensions
50.0x90.0
Parking Spaces
4
MLS® Listing#
X12829198
Property Features
Interior
Appliances
Cooling
Heating
Fireplace
Basement
Pool
Parking
Patio
Fencing
Construction
Foundation
Roof
Other Structures
Rooms
- 2.84 x 4.11Main
- Bedroom4.58 x 5.6Basement
- Bedroom 23.43 x 3.14Main
- Bedroom 33.57 x 4.17Second
- Bedroom 44.68 x 4.35Second
- Kitchen3.12 x 2.01Basement
- Kitchen4.88 x 4.22Main
- Kitchen4.43 x 2.97Second
- Living Room5.04 x 6.6Second
- Living Room7.36 x 4.33Main
- Master Bedroom6.66 x 5.98Third
- Master Bedroom5.24 x 4.84Main
Financial Details
Annual Taxes
CA$11,115
Tax year 2025
Parcel Number
082610039
Directions
West of Talbot. 2nd last house before the end of the Central Ave.
Affordability Calculator
$193,980
Estimated monthly payment
$5,162/mo
Principal $775,920 · Est. interest $1,082,477 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in London East, ON
- CA$686,378
- Median Listing Price
- 43
- Median Days on Market
- 1,500
- Median Sq Ft
- CA$474
- Median Price / Sq Ft
- 7,021
- Active Listings
- This home’s price is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in London East, ON.
Location
- 98 Central Avenue, London East, ON N6A 1M4
Points of Interest in London East, ON
Showing the London East area map.
Nearby Schools
The London School
Secondary · 0.6 km away
London Waldorf School
School · 0.9 km away
London Montessori School
Elementary · 0.9 km away
London International Academy
School · 1.0 km away
The Montessori Academy
Elementary · 1.0 km away
St George's Public School
School · 1.1 km away
Grosvenor Nursery School
School · 1.1 km away
London Islamic School
School · 1.2 km away
Westervelt College - London
Secondary School · 1.3 km away
Lord Roberts Public School
School · 1.3 km away
Catholic Central High School
Secondary · 1.4 km away
London Bridge
School · 1.4 km away
London Bridge
School · 1.4 km away
Gibbons Park Montessori School
Elementary · 1.6 km away
Preschool of the Arts
School · 1.7 km away
H.B. Beal Secondary School
Secondary · 1.7 km away
Ryerson Public School
School · 1.7 km away
St Michael Separate School
School · 1.8 km away
Victoria Public School
School · 1.9 km away
St Mary Choir Catholic School
School · 2.2 km away
Commute Calculator
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|---|---|---|---|---|
| 27 DAPHNE CRESCENT, Barrie (Cundles East), ON | CA$679,000 | 5 | 3 | — |
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| 674 CHIDDINGTON AVENUE, London South (South R), ON | CA$684,000 | 6 | 2 | — |
| 674 CHIDDINGTON Avenue, London South, ON | CA$684,000 | 6 | 2 | — |
| 1595 Borden Street, London East, ON | CA$687,200 | 5 | 2 | — |
Moving Cost Estimate
EXIT Agents in London East
Listing Courtesy: FOREST HILL REAL ESTATE INC. - 4169294343
Presented by: DENISE ALTAN