$969,900
FOR SALE

Detached 2 1/2 Storey

Bedrooms: 6Bathrooms: 4Lot: 50 x 90 ft
2025 Taxes: $11,115

98 Central Ave
London East, ON N6A 1M4 | East F | Middlesex

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.
Extras
Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water Heater
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Listed By FOREST HILL REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12829198
Last Updated Feb 27, 2026
Property Summary
Property Type Detached

More like this:
PIN 082610039
Legal Description LT 13 PLAN 166(W) LONDON
Taxes (2025) $11,115
Directions/Cross Streets Talbot & Central Ave
Neighbourhood East F
Area Middlesex
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 6
Bathrooms 4
Lot 50 x 90 ft
Exterior Brick
Air Conditioning Wall Unit(s)
Family Room Y
Fireplace/Stove Y
Basement Apartment, Separate Entrance
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Heat Pump
Sewers Sewer

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