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98 CENTRAL AVENUE, London East (East F)
2026-02-28
Quick Summary
MLS®#X12829198
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Place of Worship, Schools
Building
- Amenities: Fireplace(s), Separate Heating Controls, Separate Electricity Meters
- Appliances: Water Heater - Tankless, Dishwasher, Dryer, Microwave, Stove, Two Washers, Refrigerator
- Basement Features: Apartment in basement, Separate entrance
- Basement Type: N/A, N/A
- Construction Style: Detached
- Cooling Type: Wall unit
- Exterior Finish: Brick, Stone
- Fireplace: Yes
- Interior Size: 2500 - 3000 sqft
- Building Type: House
- Stories: 2.5
- Utility Water: Municipal water
Features
- Feature: Cul-de-sac, Gazebo, In-Law Suite
Land
- Land Size: 50 x 90 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Structure
- Structure: Deck, Porch
Zoning
- Description: R3-1 OC
Information entered by FOREST HILL REAL ESTATE INC.
Listing information last updated on: 2026-05-24 23:12:00
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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