<-- style PDP --> 98 Central Avenue, London East - Detached for sale for $969,900
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98 Central Avenue

London East, Ontario, N6A 1M4 - East F

$969,900

  • Neighbourhood

    East F

  • Major Intersection

    Talbot & Central Ave

  • Listed Since: 1 day(s)

  • Last update: today

Overview

  • Property Type

    Detached, 2 1/2 Storey

  • Bedrooms

    5 + 1

  • Bathrooms

    4

  • Basement

    Apartment + Sep Entrance

  • Kitchen

    2 + 1

  • Total Parking

    4

  • Lot Size

    50x90 (Feet)

  • Taxes

    $11,115.00 (2025)

  • Type

    Freehold

Property Description

Property description for 98 Central Avenue, London East

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.

Listed by FOREST HILL REAL ESTATE INC.

  • MLS #

    X12829198

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    None

  • Drive

    Private, Front Yard, Pvt Double

  • Garage

    None

  • Total Parking

    4

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Asphalt Shingle

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Heat Pump

  • A/C

    Wall Unit

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    7.36 x 4.33 ft Main level

    B/I Bookcase, Window Flr to Ceil

  • Kitchen

    4.88 x 4.22 ft Main level

    Centre Island

  • Primary

    5.24 x 4.84 ft Main level

    Fireplace

  • 2nd Br

    3.43 x 3.14 ft Main level

  • Foyer

    2.84 x 4.11 ft Main level

  • Living

    5.04 x 6.6 ft 2nd level

    Combined W/Dining

  • 3rd Br

    3.57 x 4.17 ft 2nd level

    W/O To Deck

  • 4th Br

    4.68 x 4.35 ft 2nd level

  • Kitchen

    4.43 x 2.97 ft 2nd level

  • Primary

    6.66 x 5.98 ft 3rd level

    4 Pc Ensuite, W/I Closet, Combined W/Laundry

  • Br

    4.58 x 5.6 ft Bsmt level

    Combined W/Living

  • Kitchen

    3.12 x 2.01 ft Bsmt level

  • MLS #

    X12829198

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    None

  • Drive

    Private, Front Yard, Pvt Double

  • Garage

    None

  • Total Parking

    4

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Asphalt Shingle

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Heat Pump

  • A/C

    Wall Unit

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    7.36 x 4.33 ft Main level

    B/I Bookcase, Window Flr to Ceil

  • Kitchen

    4.88 x 4.22 ft Main level

    Centre Island

  • Primary

    5.24 x 4.84 ft Main level

    Fireplace

  • 2nd Br

    3.43 x 3.14 ft Main level

  • Foyer

    2.84 x 4.11 ft Main level

  • Living

    5.04 x 6.6 ft 2nd level

    Combined W/Dining

  • 3rd Br

    3.57 x 4.17 ft 2nd level

    W/O To Deck

  • 4th Br

    4.68 x 4.35 ft 2nd level

  • Kitchen

    4.43 x 2.97 ft 2nd level

  • Primary

    6.66 x 5.98 ft 3rd level

    4 Pc Ensuite, W/I Closet, Combined W/Laundry

  • Br

    4.58 x 5.6 ft Bsmt level

    Combined W/Living

  • Kitchen

    3.12 x 2.01 ft Bsmt level

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 98 Central Avenue, London East

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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