98 Central Avenue
London East, ON
- 6 bed
- 4 bath
- approx. 2500-3000 sqft
- Detached
- 182 days on market
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.
Listing Details
- Taxes (2025)
- $11,115
- Listed
- February 27, 2026
Price History
Listing history
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Property
- Style
- 2 1/2 Storey
- Age
- 100+
- Construction
- Brick, Stone
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water Heater
- Lot Size
- 50 x 90 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Talbot & Central Ave
- Zoning
- R3-1 OC
- Parcel Number
- 082610039
- Possession
- 30-59 days
- Occupancy
- Tenant
Included
- Inclusions
- Main Floor Kitchen: stainless steel refrigerator & stove, dishwasher, microwave. Upper Unit Kitchen: stainless steel stove & built-in microwave / exhaust fan, refrigerator, dishwasher. Basement Kitchen: refrigerator, stove. 2 washers & 2 dryers. Commercial rooftop HVAC 2024, Asphalt Roof 2019, Heatpump 2023, Splits for A/C
- Rental Items
- Boiler (2023)
Schools
Elementary
- Jeanne-Sauvé Public School0.7 km
Public · Thames Valley DSB · 305 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 58% met the provincial standard
- St Georges Public School1.2 km
Public · Thames Valley DSB · 275 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Woodfield French Immersion Public School1.3 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
Secondary
- London Central Secondary School0.9 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
- Catholic Central High School1.3 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School1.7 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,325
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,325 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
3-piece on Main, 4-piece on Second, 4-piece on Third, 3-piece on Basement
Third
- Primary Bedroom21'10" x 19'7"
Second
- Bedroom 311'9" x 13'8"
- Bedroom 415'4" x 14'3"
- Kitchen14'6" x 9'9"
- Living Room16'6" x 21'8"
Main
- Bedroom 211'3" x 10'4"
- Foyer9'4" x 13'6"
- Kitchen16' x 13'10"
- Living Room24'2" x 14'2"
- Primary Bedroom17'2" x 15'11"
Basement
- Bedroom15' x 18'4"
- Kitchen10'3" x 6'7"
Listed by
FOREST HILL REAL ESTATE INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$193,980
Estimated Monthly Payment
$4,765
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,765/mo (20% down, 5.5%)
Taxes: $926/mo · Insurance: $242/mo
Estimates only. Consult a financial advisor.
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