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About the Listing 631951 -
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.
Listing Highlights
Status
Active
Days on Site
137
Property Type
Residential
MLS ®
X12829198
Year Built
Total Square Footage
2,500
Lot/Acreage
4500
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Gas
- Fireplaces: Family Room,Freestanding
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Separate Entrance
- Other: Accessory Apartment,In-Law Suite,Separate Heating Controls,Primary Bedroom - Main Floor,Separate Hydro Meter,On Demand Water Heater,3 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Deck,Porch,Cul de Sac/Dead End,Fenced Yard,Park,Place Of Worship,School Bus Route,School
- Sewer: Sewer
- Parking Features: Private,Front Yard Parking,Private Double,No Garage
Financial Details
- Tax Amount: $11,115
- Taxes w/Assessments: N/A
- Tax/Property ID: 082610039
- Tax Year: 2025
Payment Calculator
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Questions About..
98 Central Ave London, ON N6A 1M4
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