98 Central Avenue London East, Ontario N6A 1M4
$969,900
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:60234)
Property Details
| MLS® Number | X12829198 |
| Property Type | Single Family |
| Community Name | East F |
| Amenities Near By | Park, Place Of Worship, Schools |
| Community Features | School Bus |
| Equipment Type | Furnace |
| Features | Cul-de-sac, Gazebo, In-law Suite |
| Parking Space Total | 4 |
| Rental Equipment Type | Furnace |
| Structure | Deck, Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| 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 |
| Fireplace Total | 2 |
| Fireplace Type | Free Standing Metal |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Stories Total | 3 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 90 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 90 Ft |
| Size Total Text | 50 X 90 Ft |
| Zoning Description | R3-1 Oc |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 5.04 m | 6.6 m | 5.04 m x 6.6 m |
| Second Level | Bedroom 3 | 3.57 m | 4.17 m | 3.57 m x 4.17 m |
| Second Level | Bedroom 4 | 4.68 m | 4.35 m | 4.68 m x 4.35 m |
| Second Level | Kitchen | 4.43 m | 2.97 m | 4.43 m x 2.97 m |
| Third Level | Primary Bedroom | 6.66 m | 5.98 m | 6.66 m x 5.98 m |
| Basement | Bedroom | 4.58 m | 5.6 m | 4.58 m x 5.6 m |
| Basement | Kitchen | 3.12 m | 2.01 m | 3.12 m x 2.01 m |
| Main Level | Living Room | 7.36 m | 4.33 m | 7.36 m x 4.33 m |
| Main Level | Kitchen | 4.88 m | 4.22 m | 4.88 m x 4.22 m |
| Main Level | Primary Bedroom | 5.24 m | 4.84 m | 5.24 m x 4.84 m |
| Main Level | Bedroom 2 | 3.43 m | 3.14 m | 3.43 m x 3.14 m |
| Main Level | Foyer | 2.84 m | 4.11 m | 2.84 m x 4.11 m |
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March 12 2026 03:22:34
London and St. Thomas Association of REALTORS®
Forest Hill Real Estate Inc.