98 Central Avenue, London East, ON N6A 1M4
London East, ON, N6A 1M4 · East F
About this property
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.
Features & Amenities
- Basement: Apartment, Separate Entrance
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Heat Pump
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick, Stone
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Lot Size | 4,500 Feet |
| Basement | Apartment, Separate Entrance |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Heat Pump |
| Heat Source | Gas |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $11,115 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water Heater
- Fireplace
- Yes
- Fireplace Features
- Family Room, Freestanding
Exterior Features
- Exterior Features
- Deck, Porch
- Other Structures
- Gazebo
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick, Stone
- Foundation Details
- Stone
- Roof
- Asphalt Shingle
- Basement
- Apartment, Separate Entrance
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Heat Pump
- Heat Source
- Gas
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private, Front Yard Parking, Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 4500.00
- Lot Size Units
- Feet
- Lot Depth
- 90.00
- Lot Width
- 50.00
Community & Neighborhood
- Property Features
- Cul de Sac/Dead End, Fenced Yard, Park, Place Of Worship, School Bus Route, School
Financial & Tax
- Tax Annual Amount
- $11,115
- Tax Year
- 2025
- Possession Type
- 30-59 days
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Rooms Below Grade
- 2
- Kitchens Above Grade
- 2
- Kitchens Total
- 3
- Bedrooms Above Grade
- 5
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Middlesex
- Cross Street
- Talbot & Central Ave
- Directions
- West of Talbot. 2nd last house before the end of the Central Ave.
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
98 Central Avenue, London East, ON N6A 1M4, London East, ON, N6A 1M4