Re-listed 9 days ago

98 Central Ave, London East, Ontario N6A 1M4

Detached
5 + 1
4
~2500-3000 sqft
$•••,•••
$969,900
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Detached
5 + 1
4
~2500-3000 sqft

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Highlights

Property Estimate

Days on market9 days

Total days on market
362 days

Estimated valueNot available

Price/Sqft$355/sqft

Monthly cost

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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.


Property Details

Style2 1/2 Storey
View-
Age of property100+
SqFt~2500-3000 SqFt
Lot Size4,500 SqFt(90 x 50)
Parking Spaces4
MLS ®NumberX12829198
Community NameCentral London
Data SourceTRREB
Listing byFOREST HILL REAL ESTATE INC.

Features

Heating: Heat Pump
Cooling: Wall Unit
Fireplace
Basement: Apartment, Sep Entrance

Main Floor

Living

7.36 x 4.33

B/I Bookcase / Window Flr to Ceil

Kitchen

4.88 x 4.22

Centre Island

Primary

5.24 x 4.84

Fireplace

2nd Br

3.43 x 3.14


Features

Lot size: 4,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
9 days on market
history photo preview50
Listing by trreb®
Property listed by FOREST HILL REAL ESTATE INC., Brokerage
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Market Data - Central London

Geo Zone Map ThumbnailCentral London

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

46 days

Compared to

2025

54 days

2024

16 days

2023

112 days

New Listings

Past 30 days

10 listings

Compared to

2025

13 listings

2024

19 listings

2023

10 listings

Units sold

Past 30 days

4 units

Compared to

2025

1 unit

2024

7 units

2023

4 units

Median Sold Price

Past 30 days

$1,087,500

Compared to

2025

$472,000

2024

$405,000

2023

$485,000


Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

0 to 19
10%
20 to 34
38%
35 to 49
17%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget