5 Beds 4 Bath

98 Central Avenue, London East, ON N6A 1M4

London East N6A 1M4 Ontario

MLS: X12829198

$969,900

Added 14 hours ago | For Sale

Listed by: FOREST HILL REAL ESTATE INC.

About 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

  • House Style:Detached
  • Bathrooms:4
  • Land Size: 50 X 90
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Talbot & Central Ave
  • Basement:Apartment,Separate Entrance , Apartment,Separate Entrance
  • Possession Date:
  • Annual Property taxes: $11115
  • Bedrooms:5 +1
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Heat Pump
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12829198

Level Type Features Dimensions
Main Living Room B/I Bookcase, Window Floor to Ceiling 24 ft, 2 in x 14 ft, 2 in
Kitchen Centre Island 16 ft x 13 ft, 10 in
Primary Bedroom Fireplace 17 ft, 2 in x 15 ft, 11 in
Bedroom 2 11 ft, 3 in x 10 ft, 4 in
Foyer 9 ft, 4 in x 13 ft, 6 in
Second Living Room Combined w/Dining 16 ft, 6 in x 21 ft, 8 in
Bedroom 3 W/O To Deck 11 ft, 9 in x 13 ft, 8 in
Bedroom 4 15 ft, 4 in x 14 ft, 3 in
Kitchen 14 ft, 6 in x 9 ft, 9 in
Third Primary Bedroom 4 Pc Ensuite, Walk-In Closet(s), Combined w/Laundry 21 ft, 10 in x 19 ft, 7 in
Basement Bedroom Combined w/Living 15 ft x 18 ft, 4 in
Kitchen 10 ft, 3 in x 6 ft, 7 in

No property rooms available.

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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