$969,900
10.41 BTC
Photos
Map
98 Central Avenue, London
$969,900
PRICE
5 + 1
BEDROOMS
4
BATHROOMS
X12829198
MLSID

98 Central Avenue, London

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.
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Summary

Address
98 Central Avenue
City
Community
MLSID
X12829198
Property Type
Detached
Property Category
Bedrooms
5 + 1
Bathrooms
4
Kitchens
2 + 1
Zoning
R3-1 OC
Taxes (Annual)
$11,115.00
Tax Year
2025
Published
February 27, 2026
Days on Market
84 Days
Possession Type
30-59 Days
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Inclusions

Main Floor Kitchen: stainless steel refrigerator & stove, dishwasher, microwave. Upper Unit Kitchen: stainless steel stove & built-in microwave / exhaust fan, refrigerator, dishwasher. Basement Kitchen: refrigerator, stove. 2 washers & 2 dryers. Commercial rooftop HVAC 2024, Asphalt Roof 2019, Heatpump 2023, Splits for A/C

Details

Property Features
Cul de Sac/Dead End, Fenced Yard, Park, Place Of Worship, School Bus Route, School
Bathroom 1
3-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Third Level
Bathroom 4
3-Piece Basement Level
Basement
Apartment, Separate Entrance
Exterior Features
Deck, Porch
Interior Features
Accessory Apartment, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor, Separate Hydro Meter, On Demand Water Heater
Parking Spaces
4
Parking Total
4
Parking Features
Private, Front Yard Parking, Private Double
Architectural Style
2 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Stone
Lot Size
4,500
Lot Width
50 Feet
Lot Depth
90 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Heat Pump
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with FOREST HILL REAL ESTATE INC.
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