98 Central Avenue,London East, ON N6A 1M4
London East, ON N6A 1M4
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.
Details
| MLS # | X12829198 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 180 |
| Listing Provided By | FOREST HILL REAL ESTATE INC. | X12829198 631951 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.10 |
Interior
| Interior Features | Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water Heater |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Features | Family Room, Freestanding |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Deck, Porch |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Stone |
| Construction Materials | Brick, Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private, Front Yard Parking, Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 11115 |
|---|---|
| Tax Legal Description | LT 13 PLAN 166(W) LONDON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N6A 1M4 |
| Area | East F |
| Listing VS Median (in N6A 1M4) | |
Price: $969,900 low | high Med: $0 On site: 180 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N6A 1M4 |
| Area | East F |
| Listing VS Median (in N6A 1M4) | |
Price: $969,900 low | high Med: $0 On site: 180 low | high Med: | |
