victorian home featuring a front yard, a chimney, a porch, and brick siding Features: lawn, dormer roof, porch, shake shingle siding, gutters, brick siding, chimney, downspout

More Photos More Photos

rear view of property featuring a lawn, a deck, and brick siding Features: deck, concrete foundation, lawn, brick siding, downspout, gutters, horizontal siding, stairs

kitchen featuring white appliances, light countertops, dark wood finish cabinetry, radiator, and electric panel Features: electric panel, vinyl floor, drywall, countertops, radiator, range oven, natural light, refrigerator, dark brown cabinets, baseboards wall, sink, pendant lighting

rear view of house with a wooden deck and a lawn Features: entry steps, lawn, horizontal siding, deck, stairs, bulkhead entry, fence

view of corridor Features: tile floor, wood finish floor, drywall

kitchen with dark wood finish cabinetry, white range with electric stovetop, light countertops, and light floors Features: drywall, electric panel, baseboards wall, carpet, radiator, vinyl floor, range oven, countertops, dark brown cabinets, visible hinge cabinets, natural light

view of home's exterior featuring an outbuilding, brick siding, and a residential view Features: parking pad, electric meter, entry steps, brick siding, residential view, outdoor structure, horizontal siding

entrance to property with a porch and brick siding Features: brick siding, porch

living area with light wood-style flooring, radiator heating unit, crown molding, and a ceiling fan Features: drywall, wood finish floor, baseboards wall, crown molding, ceiling fan, natural light, radiator

kitchen with electric stove, light wood finish cabinets, freestanding refrigerator, and light tile patterned floors Features: drywall, light brown cabinets, baseboards wall, raised cabinets, basement, countertops, tile floor, range oven, refrigerator, arched cabinets, range hood

bedroom with wood finished floors Features: drywall, natural light, wood finish floor

bedroom with light wood-style flooring, radiator, and crown molding Features: crown molding, wood finish floor, drywall, vaulted ceiling, radiator, natural light

full bath with vanity and a shower with shower curtain Features: vanity, toilet, shower, drywall, sink, mirror, full bathroom

stairway with baseboards Features: baseboards wall, carpet, drywall, stairs

view of staircase Features: drywall, fire extinguisher, stairs, fire alarm

stairs featuring wainscoting, suspended lighting, wooden walls, and radiator heating unit Features: natural light, radiator, drywall, wainscot wall, notable chandelier, wood wall

full bathroom featuring light floors and shower / bathtub combination with curtain Features: vinyl floor, baseboards wall, natural light, combined bath shower, toilet, drywall, sink, full bathroom

spare room with carpet floors, radiator heating unit, and healthy amount of natural light Features: drywall, radiator, carpet, natural light, baseboards wall

unfurnished bedroom featuring dark carpet and a closet Features: closet, drywall, baseboards wall, carpet

spare room featuring ceiling fan, carpet floors, a baseboard heating unit, and radiator heating unit Features: radiator, drywall, baseboard radiator, natural light, ceiling fan, baseboards wall, carpet

unfurnished bedroom featuring freestanding refrigerator, radiator heating unit, carpet flooring, and ceiling fan Features: refrigerator, drywall, ceiling fan, radiator, baseboard radiator, smoke carbon monoxide detector, carpet, baseboards wall

carpeted empty room with a ceiling fan and baseboards Features: drywall, natural light, carpet, ceiling fan, baseboards wall

kitchen featuring stainless steel range with gas stovetop, light countertops, wood finish cabinetry, and light tile patterned floors Features: drywall, sink, tile floor, countertops, natural light, medium brown cabinets, range oven, range hood, arched cabinets, raised cabinets, baseboards wall

kitchen featuring stainless steel gas range oven, wood finish cabinets, light countertops, freestanding refrigerator, and light tile patterned floors Features: range oven, sink, pendant lighting, refrigerator, range hood, tile floor, arched cabinets, medium brown cabinets, countertops, raised cabinets, vaulted ceiling, drywall

living area with a skylight, radiator heating unit, and carpet flooring Features: drywall, natural light, vaulted ceiling, low ceiling, tv, baseboards wall, skylight, bonus room, carpet, radiator

bedroom with light colored carpet and vaulted ceiling Features: bonus room, baseboards wall, natural light, carpet, drywall, low ceiling, vaulted ceiling

bedroom with carpet floors, radiator heating unit, and vaulted ceiling Features: radiator, low ceiling, bonus room, carpet, natural light, drywall, vaulted ceiling

full bath with radiator heating unit, combined bath / shower with glass door, and light tile patterned flooring Features: baseboards wall, natural light, full bathroom, combined bath shower, drywall, radiator, tile floor

bathroom with vanity, radiator heating unit, and light tile patterned flooring Features: baseboards wall, vanity, natural light, mirror, sink, tile floor, drywall, radiator

spare room with radiator heating unit and light wood-type flooring Features: wood finish floor, baseboards wall, natural light, smoke carbon monoxide detector, drywall, radiator

empty room with light wood-style flooring, radiator heating unit, and ceiling fan Features: ceiling fan, drywall, natural light, baseboards wall, radiator, wood finish floor

living room with plenty of natural light and light wood-type flooring Features: natural light, wood finish floor, baseboards wall, baseboard radiator, smoke carbon monoxide detector, drywall

bedroom with light wood-type flooring and ceiling fan Features: drywall, baseboards wall, arched walkways, ceiling fan, tv, wood finish floor, natural light

kitchen with white appliances, white cabinetry, radiator heating unit, light flooring, and light countertops Features: drywall, baseboards wall, sink, white cabinets, refrigerator, countertops, vinyl floor, natural light, range oven, microwave, radiator

kitchen with white appliances and light floors Features: drywall, vinyl floor, countertops, refrigerator, range oven, baseboards wall, toaster

kitchen with white appliances, white cabinets, light floors, and light countertops Features: drywall, white cabinets, sink, natural light, refrigerator, visible hinge cabinets, countertops, range oven, vinyl floor

full bath featuring vanity and shower / bath combination with glass door Features: toilet, full bathroom, vanity, mirror, wood finish floor, drywall, combined bath shower, sink

aerial view of residential area Features: residential view

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For Sale - 305 Central Avenue, London East, Ontario

305 Central Avenue

London East , Ontario

$1,299,999

Est payment $6,242/mo

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Time on Jump 26 day

AI Summary *

Well-maintained 5-plex in a prime downtown London location.
Strong 4.6% cap rate with income potential over $86,000.
Low-maintenance property with updates ensuring peace of mind.
On-site tenant parking a sought-after amenity in the area.
Walking distance to parks, dining, shopping, and transit options.

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Purchase Price

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Down Payment:
$ 64,999 ( 5% )

First Time Buyer:
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New Build:
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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 IDX13211624

Address305 Central Avenue

CityLondon East, Ontario

Price$1,299,999

StyleInvestment

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype InvestmentHeating / Cooling Water Radiators

Market Info

Listing Agency:
ONE PERCENT REALTY LTD.

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Listing Agency:
ONE PERCENT REALTY LTD.

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For Sale - 305 Central Avenue, London East, Ontario

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