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For sale
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$1,299,999

Est. $6,090/mo mortgage

7bd·5ba·3,500-5,000sqft

305 Central Avenue · London East, N6B 2C9

MLS® X13075688

143 days on market143 days on market

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

$1,100,357Estimate is ~15.4% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$990,321$1,210,393

70% confidence · 23 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Woodfield

London East, ON

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

Monthly paymentest. $7,394/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$6,090
Property tax$783
Insurance (est.)$271
Utilities (est.)$250
Total monthly$7,394
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

$1,299,999

Listed May 28, 2026

On the market
$1,299,999

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 $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.

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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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