305 Central Avenue
$1,299,999
Annual taxes: $11,232 (2025)
—
Bedrooms
—
Bathrooms
0.123
Sqft
—
Approx. Age
Property Overview
MLS®
X13211624
Status
Active
Property Type
Commercial
Property Sub-Type
Investment
List Price
$1,299,999
Taxes
$11,232 (2025)
Square Footage (Exact)
0.123 sqft
Cooling
No
City
London East
Postal Code
N6B 2C9
Property Description
Exceptional investment opportunity in the heart of downtown London! This well-maintained 5-plex offers a strong 4.6% cap rate with excellent income potential exceeding $86,000 annually. Pride of ownership is evident throughout, as the property has been meticulously cared for with numerous updates completed over the years, providing peace of mind for investors seeking a low-maintenance addition to their portfolio. The property features on-site tenant parking, a highly desirable amenity in the downtown core, and attracts quality long-term tenants with its unbeatable location. Situated within walking distance to Victoria Park, restaurants, shopping, entertainment, transit, and major downtown amenities. Conveniently close to St. Joseph's Health Care London, Western University, and nearby schools, making it an ideal property for consistent rental demand. A rare multi-family opportunity in one of London's most sought-after rental locations - perfect for both seasoned investors and those looking to expand their real estate portfolio.
Mortgage Calculator
Estimate your monthly payment
Estimated Monthly
$6,380
Estimate only. Excludes property tax, insurance, condo fees, and CMHC premium. Speak to a mortgage professional for an exact figure.
Listing Brokerage
ONE PERCENT REALTY LTD.
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.