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98 Central Avenue

London East, N6A 1M4·MLS® X13691224

Listing courtesy of Royal Lepage Triland Realty·Updated 3 hours ago

Listing price

$949,900

Est. $4,524/mo

Days on market

1

Listed Aug 19, 2026

For sale
1 / 50
5bd·4ba·3,000-3,500sqft·100+ yearsold

Description

AN EXCEPTIONAL OPPORTUNITY TO OWN A BEAUTIFULLY RESTORED LUXURY VICTORIAN HOME IN THE HEART OF DOWNTOWN, WITHIN STEPS OF THE THAMES VALLEY PARKWAY, HARRIS PARK, THE THAMES RIVER AND VIBRANT RICHMOND ROW! WITH PROVEN INCOME OF 56,400 YEARLY AND POTENTIAL OF AN ADDITIONAL 11,000. FROM LOWER, THIS TURNKEY INVESTMENT INCLUDES TWO APARTMENTS, ONE TWO BDRM, AND ONE 3 BDRM, WITH A POTENTIAL BACHELOR IN THE LOWER LEVEL. A UNIQUE BLEND OF HISTORIC CHARM AND MODERN UPGRADES WHERE IT COUNTS MOST. MAIN FLOOR 2 BDRM UNIT INCLUDES A GENEROUS FAMILY ROOM WITH TONS OF GLASS FOR NATURAL LIGHT AND ACCESS TO THE PRIVATE REAR YARD. AN UPDATED EAT IN KITCHEN WITH GRANITE COUNTERS, GENEROUS ISLAND, MODERN LIGHT WOOD CABINETRY. 3 BDRM UNIT (2ND AND 3RD FLOORS) INCLUDES A LARGE LIVING, DINING COMBINATION WITH 3 WALLS OF GLASS, WHITE GALLEY KITCHEN WITH WHITE CABINETRY AND STAINLESS APPLIANCES, ACCESS TO A PRIVATE 2ND FLOOR DECK, 2 BEDROOMS AND BATH. THIRD LEVEL OFFERS A MASTER RETREAT INCLUDING AN ENSUITE, WALKIN CLOSET AND LAUNDRY CLOSET. THE LOWER LEVEL HAS EXTERIOR ACCESS TO AN OPEN CONCEPT BACHELOR AREA, KITCHEN AND BATH, AND LAUNDRY FACILITIES. WHETHER YOU ARE SEEKING A LUXURY LIVE IN SITUATION WHILE ENJOYING THE BENEFIT OF RENTAL INCOME, OR A FULLY TENANTED INVESTMENT OPPORTUNITY, THIS PROPERTY DELIVERS A PROVEN TRACK RECORD WITH CONSISTENT RETURNS. OPPORTUNITY KNOCKS ON THIS UNQUE INVESTMENT IN A TERRIFIC LOCATION!

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Property details

Type
Duplex — 3-Storey
Age
100+ years
Lot size
50 × 90 ft · < .50 acres
Interior
3000-3500 sqft
Rooms
11 rooms · 2 kitchens
Bathrooms
1 × 3-piece on Ground, 1 × 3-piece on Second, 1 × 4-piece on Third, 1 × 3-piece on Basement
Basement
Finished, Separate Entrance
Heating
Heat Pump
Cooling
Wall Unit(s)
Exterior
Brick, Stone
Foundation
Stone
Roof
Asphalt Shingle
Water & sewer
Sewer
Driveway
Front Yard Parking (4 spaces)
Parking
4 spaces
Property tax
$11,115/yr (2025)

Rooms

Main

Bedroom 2
3.92 × 3.31 m
Primary Bedroom
4.57 × 5.25 m
Kitchen
4.36 × 4.51 m
Family Room
4.33 × 7.44 m

Second

Kitchen
4.55 × 3.01 m
Living Room
4.68 × 2.91 m
Bedroom 3
3.56 × 4.21 m
Dining Room
3.48 × 3.47 m
Bedroom 2
4.63 × 4.23 m

Third

Other
3.44 × 4.21 m
Primary Bedroom
6.96 × 5.68 m

Basement

Kitchen
2 × 3.23 m
Primary Bedroom
5.57 × 4.59 m
Utility Room
4.57 × 7.92 m

AI property estimate

$692,500~27.1% below asking

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

$569,235$815,765

54% confidence · 4 sold homes within 2 km

Location & neighbourhood

Blackfriars

London East, ON

Small historic neighbourhood along the Thames River west of downtown with heritage homes.

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$4,524
Property tax$1,029
Insurance (est.)$198
Utilities (est.)$250
Total monthly$6,001
Land transfer taxOne-time, on closing

Ontario LTT

$15,473

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 5 times · asking price down 19% from the first ask

$949,900 2%

Listed Aug 19, 2026

On the market
$969,900 2%

Listed Feb 28, 2026

On the market
$989,900

Listed Jul 10, 2025 · 231 days on market

Taken off the market

Feb 26, 2026

$989,900 16%

Listed Apr 26, 2025 · 75 days on market

Taken off the market

Jul 10, 2025

$1,179,000

Listed Mar 12, 2025 · 44 days on market

Taken off the market

Apr 25, 2025

350 days on the market in total across 5 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

348 Piccadilly Street, London EastSold

$440,000

348 Piccadilly Street, London East

5 bd·2 ba·2,000-2,500 sqft
235 Riverside Drive, London NorthSold

$1,870,000

235 Riverside Drive, London North

5 bd·11 ba·3,500-5,000 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsHamilton Road · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$751,667

Sale-to-list ratio

95.2%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$225,044

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$692,500

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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