98 Central Avenue, London East, Ontario N6A 1M4

Listed for:
$969,900
6 beds
4 baths
Listed 3 days ago
House for rent: 98 Central Avenue, London East, Ontario N6A 1M4

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About

Cross Streets: Talbot & Central Ave. ** Directions: West of Talbot. 2nd last house before the end of the Central Ave. 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:27476)

Property Highlights

MLS® Number
X12829198
Type
Single Family
Community Name
East F
Ownership Type
Freehold
Land Size
50 x 90 FT
Parking Space Total
4

Building

Building Type
House
Storeys
2.50
Square Footage
2500 - 3000 sqft
Bathrooms Total
4
Bedrooms Above Ground
5
Bedrooms Total
6
Amenities
Fireplace(s), Separate Heating Controls, Separate Electricity Meters Park, Place of Worship, Schools
Exterior Finish
Brick, Stone
Fireplace Present
Yes
Basement Type
N/A, N/A
Basement Features
Apartment in basement, Separate entrance
Building Heating Type
Heat Pump, Not known
Heating Fuel
Electric, Natural gas
Building Cooling Type
Wall unit

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Living room
Second level
5.04 m x 6.6 m
Bedroom 3
Second level
3.57 m x 4.17 m
Bedroom 4
Second level
4.68 m x 4.35 m
Kitchen
Second level
4.43 m x 2.97 m
Primary Bedroom
Third level
6.66 m x 5.98 m
Bedroom
Basement
4.58 m x 5.6 m
Kitchen
Basement
3.12 m x 2.01 m
Living room
Main level
7.36 m x 4.33 m
Kitchen
Main level
4.88 m x 4.22 m
Primary Bedroom
Main level
5.24 m x 4.84 m
Bedroom 2
Main level
3.43 m x 3.14 m
Foyer
Main level
2.84 m x 4.11 m

Location

Learn more about this property
Listing provided by:
FOREST HILL REAL ESTATE INC.
MLS® number:
X12829198
Agent:
Denise Altan
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