DetachedActive

98 Central Avenue

98 Central Avenue, London East, ON N6A 1M4·MLS® X12829198

$969,900

Annual taxes: $11,115 (2025)

6

Bedrooms

4

Bathrooms

2500-3000

Sqft

Year Built

Property Overview

Property Overview

MLS®

X12829198

Status

Active

Property Type

Residential Freehold

Property Sub-Type

Detached

List Price

$969,900

Taxes

$11,115 (2025)

Lot Size

4500 Feet

Square Footage

2500-3000

Bedrooms

6

Bathrooms

4

Parking

4 spaces

Basement

Apartment, Separate Entrance

Cooling

Wall Unit(s)

Sewer

Sewer

Style

2 1/2 Storey

City

London East

Postal Code

N6A 1M4

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.

Property Features

FireplacePoolAccessory ApartmentIn-Law SuiteSeparate Heating ControlsPrimary Bedroom - Main FloorSeparate Hydro MeterOn Demand Water HeaterDeckPorchCul de Sac/Dead EndFenced YardParkPlace Of WorshipSchool Bus RouteSchoolNoneFireplacePool

Room Details (12)

RoomLevelDimensionsFeatures
Living RoomMain7.36 × 4.33B/I Bookcase, Window Floor to Ceiling
KitchenMain4.88 × 4.22Centre Island
Primary BedroomMain5.24 × 4.84Fireplace
Bedroom 2Main3.43 × 3.14
FoyerMain2.84 × 4.11
Living RoomSecond5.04 × 6.6Combined w/Dining
Bedroom 3Second3.57 × 4.17W/O To Deck
Bedroom 4Second4.68 × 4.35
KitchenSecond4.43 × 2.97
Primary BedroomThird6.66 × 5.984 Pc Ensuite, Walk-In Closet(s), Combined w/Laundry
BedroomBasement4.58 × 5.6Combined w/Living
KitchenBasement3.12 × 2.01

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Estimated Monthly

$4,760

Estimate only. Excludes property tax, insurance, condo fees, and CMHC premium. Speak to a mortgage professional for an exact figure.

Listing Brokerage

FOREST HILL REAL ESTATE INC.

Data via TRREB / AMPRE IDX

The information provided herein is believed to be accurate but is not warranted and is intended only for consumers who have a bona fide interest in the purchase, sale, or lease of real estate.

Some images may be artist renderings, virtually staged, or digitally enhanced for illustrative purposes only.