98 Central Avenue
$969,900
Annual taxes: $11,115 (2025)
6
Bedrooms
4
Bathrooms
2500-3000
Sqft
—
Year Built
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
Room Details (12)
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 7.36 × 4.33 | B/I Bookcase, Window Floor to Ceiling |
| Kitchen | Main | 4.88 × 4.22 | Centre Island |
| Primary Bedroom | Main | 5.24 × 4.84 | Fireplace |
| Bedroom 2 | Main | 3.43 × 3.14 | — |
| Foyer | Main | 2.84 × 4.11 | — |
| Living Room | Second | 5.04 × 6.6 | Combined w/Dining |
| Bedroom 3 | Second | 3.57 × 4.17 | W/O To Deck |
| Bedroom 4 | Second | 4.68 × 4.35 | — |
| Kitchen | Second | 4.43 × 2.97 | — |
| Primary Bedroom | Third | 6.66 × 5.98 | 4 Pc Ensuite, Walk-In Closet(s), Combined w/Laundry |
| Bedroom | Basement | 4.58 × 5.6 | Combined w/Living |
| Kitchen | Basement | 3.12 × 2.01 | — |
Mortgage Calculator
Estimate your monthly payment
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.
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