305 Central Avenue
London East, ON
- 7 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 128 days on market
Prime investment opportunity in the heart of downtown London! This well-maintained fourplex offers strong income potential in a highly desirable, amenity-rich location. Situated just minutes from shopping, dining, transit, and everyday conveniences, the property is also ideally positioned near several schools, Western University, and St. Joseph's Health Care London-making it especially attractive to students and professionals alike. Each unit is carpet-free and thoughtfully maintained, providing clean, low-maintenance living spaces that appeal to quality tenants. The property has seen numerous updates over time, ensuring long-term durability and reduced upkeep for the next owner. All units are separately metered, with tenants responsible for their own utilities-helping to maximize net operating income and simplify management. Tenanted with reliable occupants, this turnkey investment delivers immediate cash flow with minimal hassle. Whether you're expanding your portfolio or entering the multi-residential market, this centrally located fourplex is a smart addition with lasting value.
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Listing Details
- Taxes (2025)
- $11,232
- Listed
- May 1, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Separate Hydro Meter
- Lot Size
- 40 x 133.5 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- CENTRAL AND WATERLOO
- Parcel Number
- 082660059
- Possession
- 60-89 days
- Occupancy
- Tenant
Schools
Secondary
- London Central Secondary School0.3 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
- Catholic Central High School0.7 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School1.1 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Elementary
- Woodfield French Immersion Public School0.6 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
- St Georges Public School0.8 km
Public · Thames Valley DSB · 275 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Jeanne-Sauvé Public School1.4 km
Public · Thames Valley DSB · 305 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 58% 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 N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
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
- $462,000
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of residential freehold properties in London East over the last 12 months.
Listed by
ONE PERCENT REALTY LTD.
Walk Score
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Location
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Mortgage Calculator
$260,000
Estimated Monthly Payment
$6,387
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: $6,387/mo (20% down, 5.5%)
Taxes: $936/mo · Insurance: $325/mo
Estimates only. Consult a financial advisor.
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