view of front of house featuring covered porch and brick siding Features: porch More Photos

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    For Sale - 98 Central Avenue, London East, Ontario

    Est payment $4,657/mo
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    Time on Jump  124 day

    AI Summary *

    • Beautifully restored Victorian home with modern upgrades and historic charm.
    • Three self-contained units with separate entrances and meters for privacy.
    • Current rental income of $5,700/month, providing immediate cash flow.
    • Located in a vibrant neighborhood near shops, parks, and schools.
    • Potential for continued rental income or conversion to a legal triplex.




    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 IDX12829198
    Address98 Central Avenue
    CityLondon East, Ontario
    Price$969,900
    Bed / Bath6 / 4 Full
    Style2 1/2 Storey, Detached
    ConstructionBrick, Stone
    Land Size4500
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water HeaterOutdoor Features Deck, PorchAmenities Cul de Sac/Dead End, Fenced Yard, Park, Place Of Worship, School Bus Route, SchoolOwnership FreeholdBasement Apartment, Separate EntranceFoundation StoneHeating / Cooling Heat PumpHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  FOREST HILL REAL ESTATE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    98 Central Avenue
    London East , Ontario
    6 4 $969,900
    Get more info