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For sale
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$1,699,999

Est. $7,964/mo mortgage

8bd·6ba·3,500-5,000sqft

307 Central Avenue · London East, N6B 2C9

MLS® X13075680

143 days on market143 days on market

Listed May 3, 2026

Listing courtesy of One Percent Realty LTD.·Updated May 29

Description

Exceptional investment opportunity in the heart of London! This rare six-plex offering spans two separate buildings and is anchored by a charming century home full of character and timeless appeal. Meticulously maintained and featuring newer windows throughout, this property blends historic charm with practical updates-making it an attractive and durable addition to any portfolio. Comprised of a desirable mix of one- and two-bedroom units, each suite offers a comfortable and private living space suited for professionals, students, and young families alike. Despite its central location, every unit provides a sense of sanctuary for its occupants. The property is tenanted with long-term, reliable residents, ensuring stability and immediate income. Ideally located just steps from Victoria Park-home to the city's most popular festivals and events-and within walking distance to CF Masonville Place, the London Public Library Central Branch, major schools, hospitals, and Western University, this property offers unbeatable convenience and strong rental demand. With potential gross annual income exceeding $100,000, this is a turnkey, high-performing asset in one of the city's most sought-after locations. Whether you're expanding your portfolio or securing a stable, income-generating property, this six-plex delivers both immediate returns and long-term growth potential.

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Property details

Interior

Interior
3500-5000 sqft
Rooms
26 rooms · 6 kitchens
Bathrooms
6 × 4-piece
Basement
Full, Unfinished
Heating
Baseboard
Cooling
None

Building & lot

Type
Multiplex, 2 1/2 Storey
Lot size
52 × 133.5 ft
Exterior
Brick Veneer
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Parking
7 spaces

Fees & taxes

Property tax
$7,041/yr (2025)

Location & neighbourhood

Directions
Woodfield

London East, ON

Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.

Monthly paymentest. $9,592/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$7,964
Property tax$1,024
Insurance (est.)$354
Utilities (est.)$250
Total monthly$9,592
Land transfer tax$30,475 on closing

Ontario LTT

$30,475

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Listed 2 times

$1,699,999

Listed May 29, 2026

On the market
$1,699,999

Listed May 3, 2026

On the market

Sold comparables nearby

292 Central Avenue, London EastSold

292 Central Avenue, London East

7 bd·4 ba·3,500-5,000 sqft
279 Hill Street, London EastSold

279 Hill Street, London East

7 bd·5 ba·3,000-3,500 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Hamilton Road

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 91.2% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$841,333

Sale-to-list ratio

91.2%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $407,000 household income

Minimum household income required

$407,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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