For Sale: 98 Central Avenue, London, ON - REW
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$969,900
5 + 1 bd • 4 ba • 2500 - 3000 sf • House
98 Central Avenue
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$969,900
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98 Central AvenueLondon, ON, N6A 1M4

Central London
  • 5 + 1 Bed
  • 4 Bath
  • 2500 - 3000 Sqft
  • House

About this home

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.
Listed by: Denise Altan, Broker, FOREST HILL REAL ESTATE INC.

Home facts and features

Price details
List Price
$969,900
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Gross Taxes for 2025
$11,115
Home facts
Bedrooms
5 + 1
Full Bathrooms
4
Parking Spaces
4
Parking Details
Private, Front Yard Parking, Private Double
Property Type
House
Lot Size
50 ft x 90 ft (4500 ft²)
Depth
90.0
Frontage
50.0
Year Built
100 - 2026 yrs old
Exterior Finish
Brick, Stone
Heating Type
Heat Pump, Gas
Cooling
Wall Unit(s)
Basement Details
Apartment, Separate Entrance
Features
Cul de Sac/Dead End, Deck, Fenced Yard, Park, Place Of Worship, Porch, School, School Bus Route
Community
Agent details
Primary Agent
Primary Broker
FOREST HILL REAL ESTATE INC.
Listing details
Days on REW
101 Days
Property Views
90
MLS® Number
X12829198
Source
Toronto Real Estate Board
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Property Insights

Jeanne-Sauvé Public School
  • Public
  • K - 8
London Central Secondary School
  • Public
  • 9 - 12
St Georges Public School
  • Public
  • JK - 8
Catholic Central High School
  • Catholic
  • 9 - 12
Eagle Heights Public School
  • Public
  • JK - 8
H B Beal Secondary School
  • Public
  • 9 - 12
Ryerson Public School
  • Public
  • JK - 8
Victoria Public School
  • Public
  • JK - 8
St Michael School
  • Catholic
  • JK - 8
University Heights Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Denise Altan
Phone:
(905) 371-3215
Cell:
226-224-1765
Office:
416-929-4343
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