$969,900
FOR SALE

Detached

Bedrooms: 5+1Bathrooms: 4Lot: 50 x 90 ft

98 Central Avenue
London East (East F), ON N6A 1M4

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. (id:47421)
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Listed By FOREST HILL REAL ESTATE INC.
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X12829198
Last Updated Mar 12, 2026
Property Summary
Property Type Detached

More like this:
Community East F
Price History

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Detailed Information
Bedrooms 5+1
Bathrooms 4
Lot 50 x 90 ft
Amenities Nearby Park, Place of Worship, Schools
Community Features School Bus
Equipment Furnace
Features Cul-de-sac, Gazebo, In-Law Suite
Listing Contract Date 2026-02-27
Location Description Cross Streets: Talbot & Central Ave. ** Directions: West of Talbot. 2nd last house before the end of the Central Ave.
Ownership Type Freehold
# of Parking Spaces 4
Property Type Single Family
Rental Equipment Furnace
Structures Deck, Porch
Transaction Type For sale
Zoning Description R3-1 OC
Building
Age 100+ years
Amenities Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Appliances Water Heater - Tankless, Dishwasher, Dryer, Microwave, Stove, Two Washers, Refrigerator
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A
Construction Style (Attachment) Detached
Cooling Type Wall unit
Exterior Finish Brick, Stone
Fireplace Present Yes
# of Fireplaces 2
Fireplace Type Free Standing Metal
Foundation Type Stone
Heating Fuel Electric
Heating Type Heat Pump
Stories Total 2.5
Type House
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
Living roomSecond level5.04 m x 6.6 m
Bedroom 3Second level3.57 m x 4.17 m
Bedroom 4Second level4.68 m x 4.35 m
KitchenSecond level4.43 m x 2.97 m
Primary BedroomThird level6.66 m x 5.98 m
BedroomBasement4.58 m x 5.6 m
KitchenBasement3.12 m x 2.01 m
Living roomMain level7.36 m x 4.33 m
KitchenMain level4.88 m x 4.22 m
Primary BedroomMain level5.24 m x 4.84 m
Bedroom 2Main level3.43 m x 3.14 m
FoyerMain level2.84 m x 4.11 m
Parking Spaces
Name Spaces
No Garage
Land
Total Size 50 x 90 FT
Amenities Park, Place of Worship, Schools
Fence Type Fenced yard
Sewer Sanitary sewer
Size of Irregular Land 50 x 90 FT

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