98 CENTRAL AVENUE, London East (East F), Ontario, N6A1M4
MLS: X12829198 | House (Freehold)
$969,900
Property Description
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. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 6 (5 above, 1 below)
- Bathrooms: 4
- Ownership: Freehold
- Attached: No
- Fireplaces: 2
- Parking: 4 spaces (No Garage)
- Frontage: 50 ft (15.2 m)
Costs
- Annual Taxes: $11,115.00
Listing Provided by: FOREST HILL REAL ESTATE INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Heat Pump, Electric
- Cooling: Wall unit
- Basement: Apartment in basement, Separate entrance, N/A, N/A
- Appliances: Refrigerator, Dishwasher, Stove, Dryer, Microwave, Two Washers, Water Heater - Tankless
- Fireplace Features: Free Standing Metal
Exterior & Construction
- Exterior: Brick, Stone
- Foundation: Stone
- Fencing: Fenced yard
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
- Features: Cul-de-sac, Gazebo, In-Law Suite
- Zoning: R3-1 OC
Community & Neighbourhood
- Community: School Bus
- Building: Separate Electricity Meters, Separate Heating Controls, Fireplace(s)
- Neighbourhood: East F
Room Details (12 rooms)
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 98 CENTRAL AVENUE, London East (East F), Ontario, N6A1M4
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes (Within 2km)
Similar Homes
Similar Properties
No rental comparables found in this area.
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming Soon