$1,299,999
Est. $6,090/mo mortgage
305 Central Avenue · London East, N6B 2C9
MLS® X13075688
Listed May 3, 2026
Listing courtesy of One Percent Realty LTD.·Updated May 4
Description
Prime investment opportunity in the heart of downtown London! This well-maintained fourplex offers strong income potential in a highly desirable, amenity-rich location. Situated just minutes from shopping, dining, transit, and everyday conveniences, the property is also ideally positioned near several schools, Western University, and St. Joseph's Health Care London-making it especially attractive to students and professionals alike. Each unit is carpet-free and thoughtfully maintained, providing clean, low-maintenance living spaces that appeal to quality tenants. The property has seen numerous updates over time, ensuring long-term durability and reduced upkeep for the next owner. All units are separately metered, with tenants responsible for their own utilities-helping to maximize net operating income and simplify management. Tenanted with reliable occupants, this turnkey investment delivers immediate cash flow with minimal hassle. Whether you're expanding your portfolio or entering the multi-residential market, this centrally located fourplex is a smart addition with lasting value.
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Property details
Interior
- Interior
- 3500-5000 sqft
- Rooms
- 22 rooms · 5 kitchens
- Bathrooms
- 5 × 4-piece
- Basement
- Unfinished
- Heating
- Water
- Cooling
- None
Building & lot
- Type
- Multiplex, 2-Storey
- Lot size
- 40 × 133.5 ft
- Exterior
- Brick Veneer
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 2 car Detached
- Driveway
- Available (5 spaces)
- Parking
- 7 spaces
Fees & taxes
- Property tax
- $11,232/yr (2025)
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
70% confidence · 23 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
Monthly paymentest. $7,394/mo all in
Monthly payment estimate
Land transfer tax$22,475 on closing
Ontario LTT
$22,475
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
Listed May 28, 2026
Listed May 3, 2026
Sold comparables nearby
Sold$645,000
292 Central Avenue, London East
Sold$765,000
279 Hill Street, London East
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.
Avg. sold price
$841,333
Sale-to-list ratio
91.2%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $312,000 household income
Minimum household income required
$312,000
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.
Not sure about financing? Ask Colin →Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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