305 Central Avenue
London East, ON
- 0.12 sqft
- Investment
- 95 days on market
Exceptional investment opportunity in the heart of downtown London! This well-maintained 5-plex offers a strong 4.6% cap rate with excellent income potential exceeding $86,000 annually. Pride of ownership is evident throughout, as the property has been meticulously cared for with numerous updates completed over the years, providing peace of mind for investors seeking a low-maintenance addition to their portfolio. The property features on-site tenant parking, a highly desirable amenity in the downtown core, and attracts quality long-term tenants with its unbeatable location. Situated within walking distance to Victoria Park, restaurants, shopping, entertainment, transit, and major downtown amenities. Conveniently close to St. Joseph's Health Care London, Western University, and nearby schools, making it an ideal property for consistent rental demand. A rare multi-family opportunity in one of London's most sought-after rental locations - perfect for both seasoned investors and those looking to expand their real estate portfolio.
Listing Details
- Taxes (2025)
- $11,232
- Listed
- May 28, 2026
Price History
Listing history
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Property
- Lot Size
- 40 x 133.5 Feet
Parking
- Garage
- Double Detached
Location & Legal
- Cross Street
- Central and Wellington
- Zoning
- OC2 R3-
- Parcel Number
- 082660059
- Possession
- 60-89 days
- Occupancy
- Tenant
Included
- Inclusions
- Fixtures and Chattles
- Exclusions
- Tenant belongings
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
Commercial in London East · last 12 months
- Median sold price
- $462,000
- Homes sold
- 1,310
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,310 recorded sales of commercial properties in London East over the last 12 months.
Listed by
ONE PERCENT REALTY LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $11,232
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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