98 Central Avenue · London East, N6A 1M4
MLS® X13691224
Listed Aug 19, 2026
Listing courtesy of Royal Lepage Triland Realty·Updated Sep 4
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
Interior
- Size
- 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)
Building & lot
- Type
- Detached, 3-Storey
- Age
- 100+ years
- Lot size
- 50 × 90 ft · < .50 acres
- Exterior
- Brick, Stone
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Front Yard Parking (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- 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
Estimated value range
$902K–$997K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $5,470/mo all in
Monthly payment estimate
Land transfer tax$15,473 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 Aug 19, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold28 Kensington Avenue, London North
Sold26 Kensington Avenue, London North
See what these 6 homes sold for
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Market conditionsBuyer's market in Downtown London
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.3% of asking.
Avg. sold price
$821,633
Sale-to-list ratio
96.3%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $230,000 household income
Minimum household income required
$230,000
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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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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