Listed by Forest Hill Real Estate Inc..

98 Central Avenue is a Detached, 2 1/2 Storey and is currently for Sale @ $969,900. Taxes in 2025 were $11,115.00.

More homes for sale under 1M in London East

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. The 2 1/2 Storey on 98 Central Avenue has 5 bedrooms, 4 bathrooms, and is located on a 90 x 50 ft lot in the community of East F . 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.

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

The address 98 Central Avenue was listed for sale (MLS# X12829198) on Friday, February 27, 2026.